After regaining its $3,325 supply zone earlier this week, Ethereum prices were launched in the Vertical Rally, rising more than 20% in just three sessions. Today's Ethereum prices have traded at around $3,655, the highest level since early 2024. This movement is driven by a confirmed breakout from long-term triangular structures. The bullish continuation depends on ETH that holds above the main previous resistance levels.
What will be the price of Ethereum?
ETH Price Dynamics (Source: TradingView)
The weekly chart shows that Ethereum prices exceed the 0.618 Fibonacci retracement level at $3,067, and are now approaching the 0.786 level, close to $3,524. The rally unfolds shortly after ETH saw a breakout from the multi-year symmetrical triangles that appear on the monthly chart. Its structure has kept ETH down since 2022, and breakout candles now reflect the much-anticipated changes in macro trends.
ETH Price Dynamics (Source: TradingView)
In the daily time frame, ETH has been gaining momentum, cutting major levels, including $2,530 and $3,325. The volume profile highlights a low-liquid pocket between $3,500 and $3,700, increasing the chances of prices rising towards the $4,100 zone. Volume expansion supports this movement, and we have not yet encountered any critical supply zones.
Why are Ethereum prices rising today?
ETH derivative analysis (source: Coinglass)
Today's strong Ethereum price gatherings are supported by strong derivatives flows and market participation. ETH Open Intering rose 7.35% to $523.8 billion, bringing volume to $172.45 billion to 15.23%, according to Coinglas. Binance's long short ratio is 2.92 for top traders, indicating their preference for advantages.
ETH Price Dynamics (Source: TradingView)
Technically, Ethereum price action on the 4-hour chart is supported by bullish EMA alignment. The $3,323 20 EMA and $3,103 50 EMA are well below current prices. MACD remains positive, and RSI is overbought, but continues to show a bearish divergence. Parabolic SAR dots are below prices in the daily time frame, confirming bullish trend control.
ETH had previously been consolidated to nearly $2,900, forming a solid base before it broke out. This integrated zone acts as the first structural support in the event of a pullback.
ETH prices will expand volatility in excess of $3,600
The Bollinger band in the 4-hour time frame has been significantly expanded, suggesting that the rally is entering a high-volatile expansion phase. Ethereum prices embrace upper bands, a typical feature of trending movements. Despite reading too much RSI, the lack of inverted signals means that the bull remains completely controlled for the time being.
ETH Price Dynamics (Source: TradingView)
The daily price structure shows that ETH holds tightly at $3,600. The $3,325 level now serves as the closest support, while the $4,100 stands as the next major resistance. This area also coincides with a complete Fibonacci retracement from the 2024 highs, making it a critical level to watch.
VWAP measurements show that prices are trading comfortably above average session levels, with no immediate weakness in lower time frames.
Ethereum price forecast: Short-term outlook (24 hours)
ETH Price Dynamics (Source: TradingView)
As long as today's Ethereum prices exceed $3,325, the short-term bull control remains intact. A successful retest of the $3,525-$3,600 zone could push ETH to $3,850 and ultimately to $4,106. The territory marks a complete Fibonacci retracement and is also consistent with historic resistance.
If the Bulls fail to defend $3,325, the price could slide towards the $3,103 EMA region or the wider $2,900 integrated base. However, as open interest has risen, trend structures have turned bullishness over, and derivative data shows strong long interest, bias is supporting a continuation to $4,000 in upcoming sessions.
Ethereum price forecast table: July 19, 2025
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