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Why Is The Ethereum Price Up Today?

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Ethereum (ETH) is up in the last 24 hours. This is thanks to a recent development suggesting that the Spot Ethereum ETFs are set to launch anytime soon. These funds are expected to positively impact ETH’s price, with the second-largest crypto token poised to reach new highs. 

Why ETH Is Up Today

Ethereum experienced a price surge following Bloomberg analyst Eric Balchunas’ revelation that the Spot Ethereum ETFs could begin trading by July 23. Balchunas mentioned in an X (formerly Twitter) post that the US Securities and Exchange Commission (SEC) has gotten back to the fund issuers and asked them to submit their final S-1 filings by July 22.  

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The SEC also asked them to request effectiveness on July 22 so they can launch on July 23. Therefore, the Spot Ethereum ETFs should launch by next week, provided there are no “unforeseeable” last-minute issues, as noted by Balchunas. The launch of the Spot Ethereum ETFs is undoubtedly bullish for ETH, giving the amount of new money set to flow into its ecosystem through these funds. 

Crypto research firm K33 predicted that these Spot Ethereum ETFs could attract as much as $4.8 billion in their first five months of trading. In line with this, crypto analysts predict that Ethereum could record massive gains thanks to these inflows. Crypto analyst Linda recently predicted that the crypto token could rise to as high as $4,000 soon enough. 

Other analysts, like Altcoin Sherpa, have also predicted that ETH will hit $4,000 soon. Meanwhile, crypto analyst and trader Tyler Durden has provided a more bullish prediction for ETH, stating that the crypto token will rise to $10,000 “just the way the chips have fallen.”

The crypto analyst alluded to the Spot Ethereum ETFs as what will spark such a parabolic move for Ethereum. He claimed that institutional investors had put so much effort into ensuring that the Spot Ethereum ETFs were approved and that they would ensure that they made money from these funds while pumping ETH’s price.

What The Spot Ethereum ETFs Mean For Altcoins

The Spot Ethereum ETFs launch is also expected to spark massive moves for other altcoins and is likely to kickstart the altcoin season. Crypto analyst Crypto Rover advised market participants to prepare accordingly, boldly asserting that altcoin season will start once the Spot Ethereum ETFs begin trading. 

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Ethereum
Source: X

From a technical perspective, crypto analyst Titan of Crypto mentioned that altcoins are ready to make major moves to the upside as Bitcoin’s dominance drops. Crypto analyst Mikybull Crypto also stated that the macro short-term correction for altcoins is about to end, meaning that the Spot Ethereum ETFs could be the catalyst that sparks a bullish reversal. 

At the time of writing, ETH is trading at around $3,300, up in the last 24 hours, according to data from CoinMarketCap. 

Ethereum price chart from Tradingview.com
ETH price above $3,400 | Source: ETHUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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Ethereum

Ethereum to Emphasize Layer-1 Efficiency and UX in Upcoming Protocol Upgrades

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The Ethereum Foundation is realigning its developmental strategy to address core protocol efficiency and user experience challenges, following recent leadership changes earlier this year.

Co-executive director Tomasz Stańczak outlined the updated focus areas in a public statement on X earlier today, emphasizing that the shift is intended to strengthen Ethereum’s long-term scalability while improving near-term usability.

Protocol Upgrades and a Revised Role for Vitalik Buterin

Stańczak described the discussions surrounding Ethereum’s base-layer roadmap as extensive and community-driven, noting that the changes are designed to sharpen focus among researchers and core developers. Stańczak wrote:

Our discussions about the Layer 1 scaling roadmap have been extensive, and the feedback so far suggests that the community appreciates our ambition. Turning that ambition into reality now depends on the focus of the core development teams and researchers.

As part of its strategic transition, the Ethereum Foundation is aiming to give Vitalik Buterin more time to focus on advanced research rather than daily operational oversight.

“We aimed, among other things, to free more of Vitalik’s time for research and exploration,” Stańczak stated, adding that Buterin’s recent writings on topics like RISC-V and zkVMs have been instrumental in directing attention toward potentially “transformative technologies.”

According to Stańczak, these insights have played a significant role in realigning the Ethereum community around long-term priorities, such as privacy, modularity, and decentralized infrastructure.

Stańczak clarified that Buterin’s proposals are not mandates but starting points for community-led exploration:

Vitalik’s proposals will always carry weight, but they are intended to start conversations and encourage progress in difficult research areas.

He also stressed the importance of giving other researchers the same freedom, highlighting ongoing work by contributors like Justin Drake and Tankard Feist.

Overall. the Foundation’s research direction is now geared toward short-term outcomes that include better Layer-1 scaling, enhanced Layer-2 integration, and more “seamless” user experiences—especially in upcoming upgrades like Pectra, Fusaka, and Glamsterdam.

RISC-V Proposal and Developer Flexibility

The Foundation is also assessing the feasibility of moving from the Ethereum Virtual Machine (EVM) to a more modern execution environment powered by RISC-V.

This proposal, initially introduced by Buterin, suggests that RISC-V could streamline execution, improve efficiency, and simplify zero-knowledge proof implementation.

“We are exploring ways to bring forward projects that currently look three to five years away,” Stańczak noted, referencing possible acceleration in next-gen execution and consensus layer development.

RISC-V’s benefits include broader language compatibility and the potential for backward compatibility with existing EVM contracts. Developers could continue using Solidity and Vyper or expand into languages like Rust.

Additionally, RISC-V could improve validator performance through hardware-level customization, while maintaining core Ethereum features such as account models and contract interactions.

As research and experimentation continue, Stańczak emphasized the importance of community input: “Ethereum researchers often ask that readers recognize the exploratory nature of their posts and proposals. Focus remains essential.”

Ethereum (ETH) price chart on TradingView
ETH price is moving sideways on the 2-hour chart. Source: ETH/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

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Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion

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Crypto analyst Incognito has predicted that the Ethereum price could soon rally to as high as $2,700. This bullish prediction comes despite ETH’s underperformance so far, with the altcoin’s market share already dropping to new lows.

Ethereum Price Could Rally To $2,700 As Wyckoff Accumulation Nears

In a TradingView post, Incognito predicted that the Ethereum price could witness a big move to $2,700 with the Wyckoff accumulation almost over. He remarked that if support holds, the ETH should see a breakout of the falling wedge. The analyst’s accompanying chart showed that $2,499 is the target for the falling wedge, while $2,700 is the second target that Ethereum could reach on this breakout. 

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However, Incognito warned that this could be a huge trap to shake out sellers, so he advised market participants to be looking to take profits. In the meantime, the Ethereum price could indeed break out to the upside, especially with the Bitcoin price attempting to reclaim the $90,000 level. 

Ethereum
Source: Incognito on Tradingview

The Ethereum price is likely to reach new local highs if Bitcoin can sustain this bullish momentum, given their positive correlation. In an X post, crypto analyst Ali Martinez remarked that this week would be big for ETH as the TD Sequential just flashed a buy signal, hinting at a potential shift in momentum.  

Martinez also raised the possibility of the Ethereum price recording a new bull rally. For that to happen, he mentioned that ETH needs to break the supply wall at $2,330. The leading altcoin could face significant selling pressure at that range, as 12.62 million addresses bought 68.63 million ETH around that range. 

ETH May Have Already Bottomed

In an X post, crypto analyst Titan of Crypto suggested that the Ethereum price has already bottomed or may be bottoming out. He revealed that the leading altcoin is progressing within a giant ascending channel on the macro chart. His accompanying chart showed that ETH could rally to as high as $4,200 following this bullish reversal. 

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Crypto analyst Hardy also echoed a similar sentiment, suggesting that the Ethereum price has already reached its bottom. He noted that ETH’s weekly candle close was bullish and a good indicator of a potential reversal at the key support level around its current price. His accompanying chart showed that Ethereum could rally to as high as $4,300 on this bullish reversal. 

Ethereum price reclaiming the $4,000 level could pave the way for a rally to a new all-time high (ATH). Crypto analyst Crypto Patel predicted that ETH could reach between $6,000 and $8,000 by the end of the year. 

At the time of writing, the Ethereum price is trading at around $1,639, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $1,644 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com



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Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details

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Ethereum and the broader crypto market experienced a small but notable pump yesterday, reigniting hopes of a potential trend reversal after weeks of sustained selling pressure. As market uncertainty intensifies, driven largely by global economic tensions and geopolitical strain between the US and China, investors are closely watching for signs of a breakout.

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Despite the headwinds, analysts are starting to shift their tone. Some believe that the worst may be behind for Ethereum and that a strong move to the upside could be brewing. One of the most vocal among them is top analyst Carl Runefelt, who shared a bold outlook, suggesting that Ethereum “might go absolutely parabolic starting from here.” His analysis suggests that ETH is poised to break out from a daily descending trendline, which could serve as a key technical signal indicating va shift in momentum in favor of the bulls.

As Ethereum holds above critical support levels and inches closer to a potential trend reversal, traders and investors are now watching closely for follow-through confirmation. If volume and sentiment continue to build, this could be the beginning of a significant rally — one that may reset expectations for the rest of the cycle.

Ethereum Eyes Recovery Amid Rising Global Tensions

Global tensions and macroeconomic uncertainty continue to weigh heavily on investor sentiment, with the ongoing trade war between the US and China sending shockwaves through equities and high-risk assets. In the midst of this fragile backdrop, Ethereum has managed to find a solid support level around $1,500 and is now attempting to reclaim higher ground. After weeks of selling pressure that erased bullish expectations for the year, ETH is showing early signs of recovery.

Ethereum’s current price structure has become a focal point for market participants. The recent bounce from $1,500 marks a potential higher low, a technical setup often associated with trend reversals. If ETH can successfully push above the $1,700 mark and break the descending trendline, it could spark renewed momentum for bulls.

Runefelt shared an optimistic view, stating that Ethereum could go up really fast from here. According to his analysis, the next key price target sits at $3,000, assuming a confirmed breakout above short-term resistance levels.

Ethereum breaking out from descending triangle | Source: Carl Runefelt on X
Ethereum breaking out from descending triangle | Source: Carl Runefelt on X

Despite continued global risks, the Ethereum network remains fundamentally strong, with growing adoption in DeFi and real-world assets. If the breakout materializes and broader market sentiment stabilizes, ETH could lead the next leg of the crypto recovery.

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Price Faces Key Resistance As Bulls Struggle for Momentum

Ethereum is currently trading at $1,630 after another failed attempt to break above the $1,700–$1,800 resistance zone. This price range has acted as a major barrier over the past several weeks, limiting bullish momentum and keeping ETH locked in a broader downtrend. Bulls must reclaim the local high at $1,691, set last week, to signal a potential shift in structure and confirm the start of a recovery rally.

ETH trying to push above $1,700 resistance | Source: ETHUSDT chart on TradingView
ETH trying to push above the $1,700 resistance | Source: ETHUSDT chart on TradingView

A decisive move above $1,700 could open the door to a test of the $2,000 level, which would mark a significant psychological and technical milestone. However, the lack of follow-through on recent upside attempts reflects ongoing uncertainty across crypto markets, largely driven by macroeconomic tensions and risk-off sentiment.

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If Ethereum fails to gain strength above current levels, a retracement toward $1,500 is likely, with the possibility of further downside if selling pressure intensifies. This level has served as a critical support zone in recent weeks. Without a convincing breakout, ETH remains vulnerable to renewed weakness and deeper corrections. All eyes are now on whether bulls can build enough momentum to flip resistance into support and avoid another leg down.

Featured image from Dall-E, chart from TradingView 



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