Ethereum’s price surged by 4.1% in 24 hours, nearing resistance at $3,714.89.
ETH/BTC pair broke out of a consolidation pattern, now trading at 0.03140 BTC.
RSI reached 73.31, while MACD remains bullish, indicating continued upward strength.
Ethereum showed a strong upward movement in the last 24 hours, recording a 4.1% price increase to trade at $3,703.90. The market rally pushed the token close to a resistance level at $3,714.89. In the same period, the ETH/BTC trading pair confirmed a breakout on the 2-hour chart, moving decisively past a descending wedge structure.
The pair now trades at 0.03140 BTC, up by 4.4%. Notably, this expansion followed a consolidation phase between July 18 and 19, marked by consistent higher lows and capped volatility. This structural breakout contributed to Ethereum’s broader price strength and increased bullish momentum.
ETH/BTC Breakout Targets 0.03250 After Wedge Reversal
On the 2-hour Binance chart, Ethereum’s performance against Bitcoin reflects a clear breakout. A symmetrical wedge structure formed during July 18–19 limited movement within a narrowing range. However, buyers eventually overcame upper wedge resistance, fueling a sharp upside move. Price advanced from under 0.03000 BTC to touch 0.03120 BTC, representing a swift expansion of market activity.
Source:(X)
No major overhead resistance remains between the breakout zone and 0.03250 BTC, providing Ethereum room for further advance. The breakout candle was supported by above-average volume and a series of tight-bodied candles near the support line, reinforcing strength before expansion.
Technical Indicators SIGNALS MOMENTUM SHIFT
Momentum indicators on the 1-hour ETH/USD Coinbase chart support Ethereum’s ongoing price move. The Relative Strength Index (RSI) has risen to 78.42, indicating increased buying interest and short-term strength. It remains above the neutral 50 line and inside the overbought zone. Despite being in the upper range, no immediate divergence signals have emerged.
Source: TradingView
Furthermore, Moving Average Convergence Divergence (MACD) indicates a bullish pattern as well. The MACD line has crossed above the signal and the zero line, with the reading 37.45 as compared to the signal at 27.87. The alignment also contributes to the current uptrend and indicates possible further continuation.
ETH/USD STABILIZES ABOVE $3,700 WITH STRONG SUPPORT BELOW
Ethereum now trades at $3,703.90, comfortably higher than its key support level of $3,541.22. The 24-hour high and low are the resistance level to support level at $3,714.89. The stable structure over $3,700 indicates contained bullish momentum rather than volatility-driven price swings. Volume levels remain elevated, and short-term trend architecture is with the current bullish bias.
RSI and MACD conditions, along with a confirmed ETH/BTC breakout, point to structural strength across both trading pairs. Ethereum continues to hold above all immediate short-term supports without any visible signs of a reversal at present.
