**Elliott Wave Analysis for Ethereum (July 2025)**
### 🧭 Executive Summary
The analysis based on Elliott Wave theory indicates that Ethereum (⟨c-34/⟩) is currently transitioning through **Wave V** of a bullish cycle that started in 2022. This pattern is a typical five-wave structure, and now the cryptocurrency is in its final phase, expecting to reach an ambitious target close to **10,000 USD**.
-l Current cycle structure
1. **Wave I** – Initial upward impulse, marked the beginning of the cycle in 2022. 2. **Wave II** – Significant correction lasting until 2023.
Ethereum reserves held by institutions have surged past $6.25 billion, marking a historic shift. Ethereum’s versatility and yield opportunities are attracting capital that once flowed primarily into Bitcoin, signaling a potential long-term change in crypto market leadership and utility.
💬Will ETH eventually dethrone BTC as the king of crypto or will BTC’s status prevail in the face of this shift?
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The price of Ethereum soared and surpassed USD 3700: what to expect in the coming days?
**Ethereum $ETH reaches its annual maximum driven by key factors**
Over the weekend, the price of Ethereum (ETH) marked a new record for the year by exceeding $3,700, thanks to a combination of institutional, technical, and regulatory elements.
On Saturday morning, ETH reached $3,737, a value not seen since March. This rise not only represents a solid recovery for the second most relevant cryptocurrency in the market but also reinforces its appeal among institutional investors.
⚠️ High-Level Movement: $ETH in the Spotlight ⚡🧠 Just 30 minutes ago, a whale withdrew 103 WBTC from Binance and shortly after converted 70 WBTC into 2,214 ETH — at a rate of 0.0316. 🔁💎
Everything indicates that this whale is making a big play for Ethereum. 🎯📀 With $ETH surpassing $3,700 today, the movement suggests a strong bet on an imminent rise, possibly driven by positive expectations regarding share ETFs. 🧾📈
This adds to the recent purchase of $50 million in ETH by another whale. 🐘💸 💡 Smart capital is positioning strongly in Ethereum.
🔍 Keep a close eye on what happens on-chain! We could see even bigger movements in the coming days — get ready for action! ⏳
Bitcoin continues to consolidate its dominance in the crypto market, hovering around US \$118,000 after the historic rally that reached US \$123,000 driven by the approval of key laws and the growth of institutional ETFs. Accumulated inflows exceed US \$50 billion this year, strengthening the narrative of Bitcoin as "digital gold".
Ethereum, for its part, is trading near US \$3,650 and maintains momentum after the Pectra upgrade, which improved staking, reduced L2 costs, and doubled blob capacity, consolidating its role as the backbone of stablecoins and DeFi. With ETF flows and technical improvements, ETH aims to break levels of US \$3,800-4,000 in the short term.
Bitcoin remains very much alive after surpassing US $120,000 during the recent “Crypto Week” in Washington. This rally ignited with the approval of key laws such as the Genius Act and the Digital Asset Market Clarity Act, which provide a more favorable regulatory framework, promoting massive inflows of ETFs and institutional capital.
The last month has consolidated records: from US $100,000 to US $123,000, and although it currently hovers around US $118,000, it defines an almost vertical trend, inflated by more than US $3.7 billion in weekly flows into ETFs. It is estimated that it could reach US $160,000–US $200,000 by the end of the year thanks to this massive adoption.
🔥 Ethereum (ETH)
Ethereum, for its part, trades strongly around US $3,656, driven by the **Pectra** improvement, which has optimized network efficiency and expanded staking capacity to validate more ETH and generate more yield. This has allowed ETH ETFs to combine price gains and staking yields, attracting fresh inflows.
Technical and fundamental projections point to a continuation of the rise: in the coming days it could reach US $3,700–3,800, with possibilities of reaching up to US $4,000 if resistance is broken and momentum is maintained.
**🔍 \$ETH and $XRP Current Technical Analysis and Sentiment**
$ETH ** is holding around **\$3,550**, after climbing more than 40% in July, driven by record flows in spot ETFs (over **\$700M in a day** and **\$2B since July 4**) and direct institutional purchases in treasuries. The favorable regulatory sentiment in the U.S. (GENIUS Act, CLARITY Act) adds support. Technically, a *golden cross* is observed on the 50/200-day moving averages and an RSI in overbought territory (≈ 85), which warns of a possible correction. Key supports at \$3,300–3,400; resistances at \$3,650–3,800, with a potential bullish target at \$4,000 if it consolidates.
$XRP is trading near **\$3.42**, after a rally that broke the psychological level of \$3.40. Institutional interest and open interest in derivatives are up by more than 5%, reflecting greater speculation and volume. On-chain activity also surged, with millions of daily transactions, indicating a recovery of interest. Technically, strong support at \$3.20, resistances to overcome at \$3.65–3.85; a breakout above could point towards \$4.00 or even higher in bullish scenarios.
**⚠️ Joint Conclusion**:
* *Ethereum* stands out for its structural momentum, although the high RSI suggests a pause or technical consolidation before the next bullish leg. * *XRP* shows strong momentum but also high exposure to volatility due to leverage and speculation. * Overall sentiment is bullish, although the risk of a technical correction is real if supports are not maintained.
🚀 $XRP quotes at ≈ $3.43 (–0.3 %), after a recent rally that reached a max of $3.66 (+22 %). Market capitalization breaks $210 B with strong whale activity. 🔍 Technical: double bottoms completed, firm support at $3.20, key resistances $3.85–4.00, ambitious targets $7–$10 if it breaks levels. #Xrp🔥🔥 #Ripple #Altcoins! #CryptoNewss
🚀 $ETH quote ≈ $3 550 (–1.1 % today) after rising +40 % in July, driven by record flows in ETFs (≈ $727 M on the peak day). Trending: institutional adoption, improvements like "Dencun" and expectation for approval of legal staking. 🔍 Technical outlook: weekly “strong buy”, daily consolidating between $3 400–3 600; a breakout upwards could lead to $3 800–4 000. #Ethereum #ETH🔥🔥🔥🔥🔥🔥 #Layer1 #CryptoUpdates
🚀 $BTC is trading at ≈ $117,943 (➕ 0.34 %) after reaching an ATH this week at ≈ $123,150. The market capitalization exceeds $2.35 T, with daily volumes of ~$52 B – institutional momentum from ETFs and regulatory support.
🔍 Technical outlook: consolidating between $116K–118K; a break above could relaunch the trend towards $125K–$130K, while a drop below $116K would signal a correction down to $110K. 😬 Sentiment: Fear & Greed at "Greed" (~70), suggests caution against potential pull-backs. #Bitcoin #BTC #Crypto #BTCAnalysis
🚀 $ERA (Caldera) is trading at approximately $1.23 (–11% in 24h) after a recent high of $1.40–1.50. Impressive volume: approximately $300M, market cap of ~$180M, tokenomics with 148M in circulation and 1B max. supply. Key theme: adoption of its roll-up "Layer-2-as-a-Service" for fast apps and efficient gas. 🔍 Overview: technical correction after rallies >200% in the last week. Consolidation zone between $1.20–1.40; a significant break can drive the next rise. #ERA #Caldera #Layer2 #Altcoins
Additional explanation for Square (optional):
Binance lists it as $ERA, with high volume and volatility.
It is a governance token + gas for custom Roll-ups in Caldera.
It moves strongly due to interest in L2 tools for DApps.
$ETH has continuously risen since the beginning of the war between Iran and Israel, many green candles... it is undeniable and the great way the market moves, a lot #FOMO ... a correction is coming