Ethereum blasted past $3K after reclaiming $2,200 and $1,500, confirming a clean reversal across weekly and hourly charts.
ETH gained over $600 in 48 hours, with 14.64K volume and zero retrace—strong confirmation of buyer control above $2,850.
July 9 saw 80.83K ETH ETF inflows and 55,383 ETH withdrawn from Binance, pointing to deep institutional engagement.
Ethereum has surged past the $3,000 mark, extending its recovery after weeks of clean technical progress. Momentum continues building as volume, structure, and buyer activity align toward an aggressive upside target.
Weekly Structure Signals Acceleration Toward $4,000
Ethereum is now holding above $2,960 after closing the week with a +8.24% gain. The move confirms a fresh trend that began in early July, flipping key levels and driving momentum upward.
According to Merlijn The Trader, Ethereum reclaimed the $2,200 level, which had previously served as a resistance pivot. He also noted that $1,500 marked the structural base for the recent rally, acting as the foundation for higher momentum. With price now pressing toward $4,000, he believes resistance is turning into support zones, acting like launchpads for the next leg.
https://twitter.com/MerlijnTrader/status/1943354531951059153
Ethereum has formed a rounded base since its Q1 2025 lows, while holding above breakout trendlines. A clean vertical channel has now emerged, driving price action through key levels such as $2,750 and $2,850 without hesitation. That energy has now brought Ethereum to test the $3,000 mark after blasting through every ceiling in its path.
On the weekly chart, Ethereum continues to form higher lows, showing consistent strength from bulls. Ethereum’s latest push marks its highest print since early 2024, clearing a psychological barrier in the process. Traders now watch whether $3,300 or $3,600 could come into focus next as pressure builds.
Hourly Chart Reflects Vertical Momentum Flow
Ethereum’s price action on the hourly chart shows a firm structure of breakout continuation and trend discipline. Since July 9, Ethereum has moved from $2,350 to $3,001.04, gaining over $600 in less than 48 hours.
Source: TradingView
Volume hit 14.64K ETH during this surge, aligning with a confirmed breakout pattern that flipped every resistance along the way. Ethereum posted no significant retracement during this climb, holding strong above $2,850 even during minor dips. The trend structure shows no loss of conviction.
ETF inflows provide further backing. Ethereum ETF inflows totaled $211.3M on July 9 alone, with 80.83K ETH scooped. Cumberland-linked wallets also withdrew 55,383 ETH from Binance, signaling renewed institutional demand. Traders are now closely watching Ethereum’s movement above $3,000 for signs of further continuation.
