Ethereum prices rose above the $3,000 threshold after a critical breakout past multiple resistance zones. As of July 14th, today’s Ethereum Price holds nearly $3,046, a 2.5% increase in the last 24 hours. The rally is supported by both a structural bullish shift and an accelerated demand in the derivatives market.
What will be the price of Ethereum?
ETH Price Dynamics (Source: TradingView)
Daily charts show that Ethereum prices from a multi-month accumulation range of $2,400 to $2,800 collapse, causing a clean bullish structural shift. ETH Price has now regained its $2,970-$3,000 supply block, which thwarted progress between June and early July. The current structure shows that ETH forms a higher and higher low, and is currently trading beyond May.
Ethereum prices also cleared the major descending trend line, which was extended from November 2024, showing a reversal in a broader trend direction. Breakouts are supported by visible volume strength and a strong base formed near the demand block between $2,680 and $2,700.
The 4-hour Bollinger Band checks for updated volatility cycles. Price is pushed up above the upper band, keeping support from the 20/50 EMA cluster between $2,945 and $2,814. As long as ETH remains above the midband ($2,972), this trend remains bullish.
Why are Ethereum prices rising today?
ETH derivative analysis (source: Coinglass)
Recent rise in Ethereum prices has been driven by strong derivatives activities and technical breakout signals. Open interest in ETH futures has increased by 5.54% in the past 24 hours to $43.72 billion, according to Coinglass data. Total volume increased by 76%, and the amount of options exceeded 53%. Binance’s long ratio is 1.61 among top traders, with the top position ratio rising to 2.64, reflecting a wide long bias.
ETH Price Dynamics (Source: TradingView)
From a price action perspective, the 30-minute chart shows a bullish continuation after a shallow pullback to $3,030. The RSI bounces back to 65.1, leaving the neutral region. MACD also prints a positive crossover when magnifying the histogram bar, indicating fresh purchase momentum.
ETH Price Dynamics (Source: TradingView)
On the Smart Money Concepts (SMC) chart, ETH broke keychock levels and played Bos zones above $2,900. The current $3,000 push is in the low-liquid zone up to $3,260. This could support rapid price acceleration.
Price indicator signals acceleration towards 0.618 FIB level
ETH Price Dynamics (Source: TradingView)
The weekly Fibonacci retrace from the top of $4,106 to a low price of $1,385 shows that Ethereum prices are currently testing a significant 0.618 retracement level at $3,061. Being close to the week above this mark indicates a wider trend reversal, targeting the next upside zone of $3,524 (FIB 0.786).
ETH Price Dynamics (Source: TradingView)
Daily RSI remains in bullish territory without showing extreme over-acquisition conditions, and BBP (Blue Bear Power) on the weekly chart continues to rise, indicating the strength of healthy underlying trends.
This structure is also consistent with the long-term upward trend line, extending from the 2022 cycle low. ETH Prices have recouped this trendline and reversed it into dynamic support, further acknowledging the current upside breakout as a potential trend reopening.
ETH Price Forecast: Short-term Outlook (24 hours)
Ethereum prices may test $3,061 resistance (FIB 0.618) over the next 24 hours. Clean closures above this level could ignite a run heading towards $3,260 and $3,524, especially if volumes remained rising and funding rates are neutrally positive.
ETH Price Dynamics (Source: TradingView)
In the short term, if prices fall below $3,000 again, initial support will follow $2,972 (Bollinger Midband), followed by $2,945 (EMA20 4H) and $2,814 (EMA50 4H). A breakdown below $2,814 risks negating bullish bias, leading to a pullback to $2,700.
However, given the current RSI-MACD alignment, increased open interest and bull market structure, Ethereum is poised to continue to continue above $3,061, with short-term volatility likely to continue rising.
Ethereum price forecast table: July 15, 2025
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