Ethereum price climbs above $3,500 as bullish momentum builds

Emma Trehane

July 18, 2025
6 min read

Ethereum price climbs above $3,500 as bullish momentum builds

Ethereum has edged higher in recent sessions, moving past the $3,500 mark and outpacing Bitcoin’s pace over the same period. Traders are watching closely as ETH consolidates gains, with technical indicators hinting at further upward movement if key support levels hold.

In the latest charts, Ethereum has built on a strong rally from around $3,220, breaking through resistance at $3,350 and continuing to test the $3,620 zone. At the time of writing, ETH is trading just over $3,500, holding above its 100‑hourly Simple Moving Average, with a bullish trend line giving support near $3,500 on the hourly chart of ETH/USD.

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If buyers can keep control and push through the $3,630 and $3,650 levels, the next significant hurdle sits around $3,720. A convincing move beyond that could take Ethereum toward $3,800 and potentially further to $3,880 or even $4,000 in the coming sessions.

On the flip side, a pullback remains possible if those resistance levels hold firm. A dip below $3,550 might test support at $3,500 and then $3,420. A deeper correction could take ETH closer to $3,350 or even the $3,220 zone.

Ethereum price started a fresh increase above the $3,500 zone. ETH is now showing bullish signs and might continue to rise toward the $3,800 zone.

Ethereum started a fresh increase above the $3,350 level.
The price is trading near $3,500 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support at $3,490 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it remains supported above the $3,350 zone in the near term.

Ethereum Price Rises Further Above $3,500

Ethereum price started a fresh increase above the $3,220 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,350 resistance zone to remain in a positive zone.

The bulls even pumped the price above $3,500. Finally, it tested the $3,620 zone. A high was formed at $3,627 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,935 swing low to the $3,627 high.

Ethereum price is now trading above $3,500 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,500 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $3,630 level. The next key resistance is near the $3,650 level. The first major resistance is near the $3,720 level. A clear move above the $3,720 resistance might send the price toward the $3,800 resistance.

An upside break above the $3,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,880 resistance zone or even $4,000 in the near term.

Are Downsides Limited In ETH?

If Ethereum fails to clear the $3,630 resistance, it could start a downside correction. Initial support on the downside is near the $3,550 level. The first major support sits near the $3,500 zone and the trend line.

A clear move below the $3,500 support might push the price toward the $3,420 support. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,220.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,500

Major Resistance Level – $3,650

Ethereum price started a fresh increase above the $3,500 zone. ETH is now showing bullish signs and might continue to rise toward the $3,800 zone.

Ethereum started a fresh increase above the $3,350 level.
The price is trading near $3,500 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support at $3,490 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it remains supported above the $3,350 zone in the near term.

Ethereum Price Rises Further Above $3,500

Ethereum price started a fresh increase above the $3,220 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,350 resistance zone to remain in a positive zone.

Ethereum price is now trading above $3,500 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,500 on the hourly chart of ETH/USD.

An upside break above the $3,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,880 resistance zone or even $4,000 in the near term.

Are Downsides Limited In ETH?

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,500

Major Resistance Level – $3,650

Technical indicators currently favour the bulls. The hourly RSI is sitting above 50, and the hourly MACD is building strength in the positive zone. For investors, this period is one to watch carefully as momentum builds around the world’s second‑largest cryptocurrency. For a broader look at the wider crypto market and its recent shifts, you can explore additional insights on CoinMarketCap.

For more updates on Ethereum price movements and further insights into crypto trends, visit EyeOnLondon. We’d love to hear your views in the comments.