Ethereum (ETH) Charges Towards $2,900: Bullish Momentum Builds!
As of Friday, July 11, 2025, 3:30 AM +06, Ethereum (ETH) is showing significant strength, actively pushing towards the psychologically important $2,900 mark. Following Bitcoin's recent ATHs, capital appears to be flowing into major altcoins, and Ethereum, as the second-largest cryptocurrency, is leading this charge.
Currently, ETH is trading at approximately $2,891 USDT. Over the past 24 hours, Ethereum has demonstrated impressive resilience, having moved from a low of around $2,794 USDT to a high touching close to $2,900 USDT. The 24-hour trading volume remains substantial, sitting at approximately $29.57 billion USDT, indicating strong investor interest and liquidity. Its market capitalization is robust, currently around $349 billion USDT.
The sentiment around Ethereum is overwhelmingly positive. The anticipation of potential spot Ethereum ETFs in the coming months, coupled with ongoing developments within the Ethereum ecosystem (such as scaling solutions and further decentralization efforts), is contributing to this bullish outlook. The increasing staking rate on the Ethereum network also signals a long-term commitment from holders, reducing selling pressure.
Technical indicators suggest that ETH is in a strong uptrend. A decisive break and sustained hold above $2,900 could open the doors for a rapid ascent towards the $3,000 mark and potentially higher resistance levels. While short-term pullbacks are always a possibility in volatile markets, the fundamental drivers and current market momentum point to continued upward movement for Ethereum.