Ethereum (ETH/USD) has surged above a rectangle-style consolidation range, breaking out decisively on July 10, 2025, at the $2,850 mark. This breakout triggered a parabolic rally, driving the price to a recent high of $3,677.40.
Currently, $ETH is testing key resistance levels at $3,700 and $3,750 on the daily chart. These zones are acting as near-term hurdles.
โ Bullish Scenario:
If $ETH delivers a sustained breakout above $3,750, traders could see momentum build rapidlyโpotentially targeting the $4,100 all-time high.
โ ๏ธ Bearish Scenario:
If the rally stalls below $3,750, $ETH may see a healthy correction, with support levels coming in at $3,280 to $3,220.
๐ Key Levels to Watch:
Resistance: $3,700 - $3,750
Support: $3,280 - $3,220
Breakout Target: $4,100
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