Published: July 18, 2025 | 11:20 AM UTC
In a surprising turn of events, Ethereum (ETH) has fallen just below the critical psychological mark of $3,600, now trading at $3,599.82, according to Binance Market Data. While the price drop might raise eyebrows, it's important to note that ETH still shows a 24-hour gain of 4.34%, although the growth momentum has narrowed compared to previous sessions.
Market Snapshot:
Current Price: $3,599.82 USDT
24-Hour Change: +4.34%
Trend: Slight pullback after a short rally
What’s Happening?
Ethereum showed bullish signs in the past 24 hours, likely supported by short-term investor optimism and broader altcoin activity during Binance’s Spot Altcoin Trading Festival. However, the recent slip below $3,600 signals market hesitation or possible profit-taking by traders anticipating resistance at this level.
Analyst Insight:
Despite the drop, a positive 4.34% daily gain still suggests underlying strength. Analysts believe this could be a temporary correction or a consolidation phase before a potential breakout — especially if ETH can hold above key support zones near $3,550.
What to Watch Next:
Resistance Level: $3,650 – a breakout above could push ETH toward $3,800
Support Level: $3,500 – holding this level is key to avoiding a steeper decline
Macro Factors: Bitcoin movements, Ethereum Layer-2 growth, and DeFi market trends
Final Thoughts:
Ethereum's dip below $3,600 should not cause panic. Instead, it offers a strategic watch point for traders and investors. The 4.34% gain in the same 24-hour window shows ETH still has momentum — but it’s a cautious optimism that needs to be backed by sustained buying.
Stay tuned as the market unfolds in the days ahead.