Ethereum price jumps sharply, breaks $3,400 in bullish trend

Updated

July 18, 2025

Gambar Ethereum price jumps sharply, breaks $3,400 in bullish trend

Jakarta, Pintu News – Ethereum has recently embarked on a meteoric rise past the $3,000 zone, outperforming Bitcoin . Now, Ethereum has broken through the $3,400 mark, marking one of the most significant price spikes in recent times.

Ethereum Price Strengthening: An Impressive Start

The rise in Ethereum (ETH) price began when the currency managed to cross the critical resistance at $3,000. After that, Ethereum not only crossed $3,050 but also stabilized above it, entering a new positive zone. Crypto market participants watched with enthusiasm as the price continued to creep up, passing $3,250 and eventually peaking at $3,423.

Currently, Ethereum is in a consolidation phase above the 23.6% Fibonacci retracement level of the last rise from a low of $2,935 to a high of $3,423. With strong support at $3,300 and the 100-hour simple moving average, Ethereum seems to be preparing for its next move.

Also Read: XRP Price Surges Again: Momentum Rising, Eyeing Key Resistance

Potential Barriers and Support

In an upward move, Ethereum may face resistance near $3,350. The next key resistance is at $3,400, with major resistance at $3,420. If Ethereum manages to cross $3,420, it could pave the way towards $3,500, and further upside potential could lead to the $3,550 or even $3,650 zone in the near future.

However, if Ethereum fails to break the $3,420 resistance, there is a possibility of a downward correction. Initial support may be found at $3,300, with the next major support in the $3,220 zone. A drop below this could push the price towards support at $3,180, and if selling pressure continues, the price could drop to $3,050.

Technical Indicators and Future Projections

The Moving Average Convergence Divergence (MACD) indicator for Ethereum (ETH)/USD shows increasing momentum in the bullish zone. Meanwhile, the Relative Strength Index (RSI) is above the 50 zone, signaling greater market strength on the buyers’ side.

With strong technical support and positive market sentiment, the outlook for Ethereum looks bright. Investors and traders should keep an eye on key resistance and support levels to make informed trading decisions in these volatile market conditions.

Conclusion: Strong Ethereum Momentum

With significant price gains and solid technical support, Ethereum (ETH) shows great potential for further growth. Although there are some obstacles it may face, the current trend and investor support suggest that Ethereum still has plenty of room to grow.

Also Read: Bitcoin Price Breaks ATH, 5 Smart Investment Strategies to Deal with Market Volatility

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.