Ethereum price is moving higher above the $2,600 zone. ETH might gain bullish momentum if it clears the $2,800 resistance zone.

• Ethereum started a fresh increase above the $2,650 resistance level.
• The price is trading above $2,680 and the 100-hourly Simple Moving Average.
• There was a break above a key bearish trend line with resistance at $2,680 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a decent upward move if it settles above $2,780 and $2,800.

Ethereum Price Eyes More Gains

Ethereum price remained supported above the $2,500 level, like Bitcoin. ETH formed a base and recently started a fresh increase above the $2,600 and $2,620 resistance levels.

There was a break above a key bearish trend line with resistance at $2,680 on the hourly chart of ETH/USD. The bulls pumped the pair above the $2,700 level. It traded as high as $2,794 before there was a minor pullback. The price dipped below the $2,750 level.

There was a move below the 23.6% Fib retracement level of the upward wave from the $2,550 swing low to the $2,794 high. Ethereum price is now trading above $2,680 and the 100-hourly Simple Moving Average.

On the upside, the price seems to be facing hurdles near the $2,750 level. The first major resistance is near the $2,780 level. The main resistance is now forming near $2,800 or $2,820. A clear move above the $2,820 resistance might send the price toward the $2,920 resistance.

An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,780 resistance, it could start another decline. Initial support on the downside is near the $2,675 level or the 50% Fib retracement level of the upward wave from the $2,550 swing low to the $2,794 high. The first major support sits near the $2,640 zone.

A clear move below the $2,640 support might push the price toward the $2,600 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,440.

Technical Indicators

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

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

Major Support Level – $2,675

Major Resistance Level – $2,780

OpenAI CEO Sam Altman has unveiled the company’s roadmap for its upcoming AI models, GPT-4.5 and GPT-5.

The announcement demonstrates an effort to simplify OpenAI’s product offerings and enhance user experience amid mounting competition.

Open AI CEO Reveals New AI Models

In a post on X, Altman revealed the company’s plans for new AI models, focusing on simplifying product offerings.

“We want AI to ‘just work’ for you; we realize how complicated our model and product offerings have gotten. We hate the model picker as much as you do and want to return to magic unified intelligence,” he wrote.

According to Altman, GPT-4.5, internally known as Orion, will be OpenAI’s final non-chain-of-thought model. This decision comes as the company looks to transition toward a more unified AI approach. The next major release, GPT-5, will integrate OpenAI’s technology stack, including the o3 model, and be available across different tiers of ChatGPT.

Free-tier users will get unlimited access to GPT-5 at a standard intelligence level. Plus and Pro subscribers will have access to increasingly advanced versions.

Following Altman’s announcement, Worldcoin’s WLD token surged nearly 5% before profit booking occurred. This suggests investors and traders reacted positively to OpenAI’s development and anticipate the potential for greater AI adoption and integration across industries.

Meanwhile, Altman’s remarks come just days after reports surfaced about a massive $97 billion takeover bid for OpenAI. As BeInCrypto reported, Elon Musk, who co-founded OpenAI before departing in 2018 due to strategic disagreements, is reportedly leading an investor group attempting to acquire the company.

This move could significantly alter OpenAI’s trajectory, considering Microsoft’s existing $13 billion investment. Nevertheless, Altman already dismissed Musk’s bid.

“No thank you but we will buy Twitter for $9.74 billion if you want,” Altman said.

Elsewhere, while OpenAI is making strides, a formidable new competitor has emerged. DeepSeek is a Chinese AI startup that has quickly captured global attention. Its rise has sent shockwaves through the AI and cryptocurrency markets, causing significant volatility.

DeepSeek’s disruptive potential is not limited to AI—it has also rattled Nvidia and crypto mining stocks. With its aggressive push into AI, analysts fear DeepSeek could undermine OpenAI’s dominance in the AI sector.

OpenAI’s next steps with GPT-4.5 and GPT-5 will be crucial as the artificial intelligence arms race intensifies. With Musk’s acquisition bid looming and DeepSeek threatening to reshape the AI playing field, the coming months could redefine the sector’s future.

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