Ethereum climbed to $3,642.23 with an 8.6% 24-hour gain, approaching resistance at $3,643.84.
RSI closed at 74.46 and MACD indicated continued upward pressure, confirming strong market momentum.
24h volume reached 34.05B USDT; ETH held support at $3,353.56 during high volatility.
Ethereum (ETH) regained upward momentum after crossing the $3,600 mark, with a 24-hour price increase of 8.6%. As of this report, ETH trades at $3,642.23. This latest jump follows a notable recovery from the $2,902.80 level recorded just days prior. The jump pushed the token near its short-term resistance of $3,643.84.
The maximum prices observed during the time were $3,628.99 and the lowest prices were $3,337.09. Volatility swelled, and trade was intensified on Binance and Coinbase.
Momentum Indicators Confirm Increased Strength
Technical indicators validated the price rally. On the 1-hour chart, Relative Strength Index (RSI) closed at 74.46, close to overbought levels. The RSI remained above 70 in successive sessions, which implies strengthened buying pressure.
On the Moving Average Convergence Divergence (MACD) window, readings indicated high bullish pressure. MACD line was at 13.92, and the signal line was at 61.93. Furthermore, the histogram indicated stronger momentum, crossing above the zero line on the upward cycle.
Source: TradingView
The 4-hour chart on Binance also showed consistent green candles leading up to the $3,628.99 high. With that move, Ethereum reclaimed a zone above $3,505.54, a previous resistance. This upward continuation placed the price within proximity of the next barrier at $3,643.84. Such performance reflects renewed market interest within the broader crypto trading activity observed this week.
Support Levels Provide Foundation for Current Price Stability
Ethereum’s current support lies at $3,353.56. This level has remained intact despite increased price fluctuations. Over the last 24 hours, ETH maintained higher lows throughout multiple sessions. On-chain volume data showed ETH/USDT activity reaching 34.05 billion in USDT, with 9.83 million ETH in exchange volume.
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The upward shift followed a sustained accumulation pattern since July 13, where ETH reversed sharply from $2,902.80. Since then, the price has held above successive resistance lines and turned into support. Technical charts suggest the next challenge is maintaining price action above $3,600. If that level holds, it may reinforce the stability ETH has built over recent sessions.
Ethereum Holds Gains Amid Volatility and Bullish Momentum
High volatility accompanied Ethereum’s move to the current range. Volume surges mirrored the price action, particularly during strong hourly candles. On the Coinbase chart, buy-side pressure intensified, with a visible spike in momentum. This pattern supported the rally toward $3,646.33, the current bid on the platform.
MACD and RSI alignment remained favorable for bulls throughout the observed period. Nonetheless, to sustain this short term structure, control must be maintained at critical limits. Trading is still in progress at Ethereum price range of $3337 to 3643 with uncertainty likely to continue in the upcoming sessions.
