Ethereum amassment surpasses previous records - Is there a possibility for ETH to surge beyond $3,000?
Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, is gearing up for a potential summer rally in 2025, according to multiple price prediction models and technical analyses.
Key technical levels and scenarios to watch include a break above $2,600 with increased volume, which is critical to confirm the start of a bullish move. Surpassing this level could lead Ethereum toward targets between $2,850 and $2,900 in July 2025.
Confirmation of bullish momentum also involves breaking the 20-day Simple Moving Average (SMA) and surpassing the mid-Bollinger Band. Such a move would support further upside towards around $2,800.
Should the price fail to break $2,600 resistance decisively, Ethereum could retrace to lower supports in the $2,300 to $2,170 range. The 50% Fibonacci retracement level at approximately $2,145 is a critical support zone for maintaining a bullish outlook; holding above it on an 8-13 day closing basis is vital for the rally thesis.
Longer term, if these summer technical breakouts materialize, Ethereum has potential upside targets extending to $3,300–$3,400 by Q4 2025, and possibly exceeding $5,000 by the end of the year if the momentum continues.
Technical indicators such as the Moving Average Convergence Divergence (MACD) signal bullish momentum continuation, and volume trends show accumulation at higher levels, further validating the possibility of a strong rally.
However, Ethereum faces some technical hurdles to reach $3k. The Relative Strength Index (RSI) of Ethereum is hovering around 49, suggesting the cryptocurrency is neither overbought nor oversold. The On-Balance Volume (OBV) of Ethereum has been weak, reflecting limited buying pressure.
Despite these challenges, the surge in Ethereum's on-chain activity suggests growing network usage and rising speculation. Ethereum recently recorded its biggest transaction count spike since early 2023, exceeding 1.5 million daily transactions. The surge in Ethereum transactions and the high level of accumulation may continue to accelerate into July.
If Ethereum breaks higher while stablecoins retreat, it could be a sign of a broader altcoin rally. The total balance held by Ethereum's accumulation wallets has risen parabolically, despite ETH's price being below its all-time high.
In conclusion, Ethereum is gearing up for a summer rally contingent on breaking above $2,600 with strong volume and maintaining key support levels around $2,145. Confirmation of these technical levels would pave the way for further gains possibly leading to new highs later in 2025.
- Bitcoin (BTC) investors may also benefit from Ethereum's bullish momentum, as the two largest cryptocurrencies often influence each other's market trends.
- Investors who hold XRP might also find potential gains, considering Ethereum's summer rally could accelerate the altcoin market as a whole.
- As the Ethereum rally settles in Q4 2025, investors with an eye on finance and investing might consider diversifying their portfolios with other cryptos like Bitcoin (BTC) and Ethereum (ETH).
- To bolster their crypto investments during the summer rally, many finance enthusiasts have started building their wallets with Ethereum (ETH) and other promising cryptocurrencies, such as Bitcoin (BTC) and XRP.
