After a steady build-up for several weeks, today’s Ethereum prices are trading nearly $3,759, recording a surge of 51% each month, testing multi-year triangular resistance on the monthly chart. The move suggests a possible macro breakout if ETH challenges the cap on long-standing integration patterns, and if the $3,800-4,100 zone is convincingly cleared.
What will be the price of Ethereum?
ETH Price Dynamics (Source: TradingView)
Ethereum was firmly shoved into the vertex zone of a multi-year triangular structure that appears on the monthly charts. Prices are now about to break out of this formation, with $4,095 serving as the ceiling from the highest supply pocket ever before. Over $3,800 a month will see structural changes that could allow doors to reopen to $4,500 or more.
In the four-hour time frame, Ethereum price action has been locked in a clean ascent channel, which has formed higher and higher lows since the second week of July. Dynamic support is being provided by 20 EMA for $3,610, and parabolic SAR dots are still printed below the price, confirming the trend continues. A break below $3,610 could threaten the structure in the short term, but for now the Bulls are in control.
ETH Price Dynamics (Source: TradingView)
A weekly Fibonacci retracement shows prices are rising at $3,524 near the 0.786 level. Holding it clearly above this zone makes it more likely that a full retrace towards the 1.0 FIB expansion is $4,106. If denied, downside support is around 3,425 (0.618) and around $3,100.
Why are Ethereum prices rising today?
ETH derivative analysis (source: Coinglass)
The price of Ethereum today is why it is so linked to the explosive momentum of derivatives and a clear change in market structure. Coinglass data shows that open interest on Ethereum rose 8.87% to $56.2 billion from 56.2b, with options volume rising nearly 94%. Binance Top Trader Long/Short Positioning is 2.60, indicating aggressive long positioning for your account and overall position.
ETH Price Dynamics (Source: TradingView)
The DMI (directional movement index) on the daily chart reinforces trend strength, with +DI leading ADX at 48.86 and 44.06. This reflects the strong trending environment the Bulls continue to control. The Super Trend Indicator has turned bullish over since the $3,270 breakout and remains supportive as long as ETH does not fall below $3,272.
ETH Price Dynamics (Source: TradingView)
On the 30-minute chart during the day, the RSI bounces to 59.13, approaching bullish territory. The MACD histogram reversed positively with fresh crossovers and momentum rise. These signals reflect the updated purchase intensity after a short pullback on July 20th.
Furthermore, ETH continues to outperform Altcoins of volume and dominance, despite wider Altcoin season indicators hovers near neutral territory. This rotation into large assets such as ETH reflects increased institutional participation and sustained capital inflows.
Price indicators point to important retests in the future
ETH Price Dynamics (Source: TradingView)
The combination of upward channels, strong supertrend biases, and higher time frame triangle pressure suggest that Ethereum may be heading towards a make or breakpoint. The four-hour chart shows a price test of nearly $3,770 at the top channel boundary of nearly $3,770.
However, EMA clusters are stacked in bullish alignment.
- EMA 20: $3,610
- EMA 50: $3,374
- EMA 100: $3,121
- EMA 200: $2,879
This setup provides layered support if daytime pullbacks appear. Retesting the mid-channel region, close to $3,600, is healthy as long as the volume is stable. The FIB structure also suggests that the Bulls must defend the $3,500-$3,600 area to control short-term orientation.
ETH Price Forecast: Short-term Outlook (24 hours)
ETH Price Dynamics (Source: TradingView)
If Ethereum clears $3,800 with volume support, the next logical target is $4,095, followed by a psychological milestone of $4,250. These levels coincide with the final leg of the multi-year triangular resistance and the full retracement from the November 2024 revision.
If a denial occurs, ETH can reconsider $3,610 and $3,525. A sustained drop below $3,425 will bring the outlook back to neutral and potentially focus on $3,100. Traders should be aware of rejected candles and reduced volumes of nearly $3,800 to assess the sustainability of breakouts.
With bullish indicators stacked together and triangle resistance stacked, Ethereum prices today approach a critical technical fork. The next few sessions may decide whether ETH will enter a new macroup trend or face another round of compression.
Ethereum price forecast table: July 22, 2025
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