Ethereum is currently trading around $2,989 after a highly rising earlier this week, briefly tapping on the $3,082 mark. Price action shows signs of integration just below the psychological $3,000 level, but technical and chain data suggest that bulls are still in control for now. The wider assembly is supported by an increased accumulation of agencies, including BIT Digital’s $67.3 million ETH Treasury expansion.
Ethereum Price Prediction Table: July 16, 2025
What will be the price of Ethereum?
ETH Price Dynamics (Source: TradingView)
In the daily time frame, Ethereum prices surpass the long-standing trendline stretched from the April swing, nearly $1,900. A breakout above the $2,800 resistance zone has reversed the area into key structural support.
ETH Price Dynamics (Source: TradingView)
The candles are just under $3,000, with the next immediate resistance being nearly $3,120, with a weekly 0.618 Fibonacci zone at $3,256.
ETH Price Dynamics (Source: TradingView)
The parabolic SAR is below the price, showing continued bullish trend pressures while it is now far above the $2,202-$2,459 Bull Market Support Bluff Bluff Market Support Band. The BBP oscillator remains positive even in the daily time frame, informing buyer control.
Why are Ethereum prices rising today?
Today’s surge in Ethereum prices is partly driven by new institutional benefits. BIT Digital has announced $67.3 million in direct stock to expand the ETH Treasury Department. The company currently owns over 100,600 ETH, worth approximately $303 million. This aggressive accumulation coincides with a wider increase in Crypto Markets, with Ethereum winning 18% over the past week.
ETH derivative analysis (source: Coinglass)
Coinglass’ on-chain derivative data confirms this bullish momentum. Options volume rose 94.5% to $22.9 billion, while options rose to $440.9 billion. Top traders’ Binance ETH/USDT long/short ratio is above 2.4, reflecting the dominant long positioning. Additionally, the 24-hour total liquidation reached $106.4 million, wiping out $82 million in shorts, strengthening bullish control.
Bollinger Band and MACD propose short-term volatility
The four-hour chart shows the Ethereum Price Action that the property has been pulled back just $3,082 from its recent local high. The Bollinger Band is beginning to expand following a squeeze breakout of nearly $2,750, indicating fresh volatility is entering the market. Prices are currently rising near the midzone and may test support of $2,933 before surpassing another move.
ETH Price Dynamics (Source: TradingView)
The 30-minute RSI bounced off the territory sold and is currently sitting at 50.1. 38 in the same time frame. It reflects a neutral stance after recovering from MACD. A confirmed crossover and move above the $3,050 resistance is needed to cause the next leg to $3,256.
Ethereum price forecast: Short-term outlook (24 hours)
ETH Price Dynamics (Source: TradingView)
The short-term structure suggests that the support zone between $2,933 and $2,960 may be retested before Ethereum prices attempt another breakout to $3,100. Moves over $3,050 with volume checks open a path towards the $3,256 0.618 FIB level. On the back, if the Bulls lose their $2,930 handle, Ethereum could return to $2,800. Here, the previous breakout zone and the uptrend line intersect.
Given the support from both derivatives and on-chain metrics, the momentum of the rise remains intact. However, traders should closely monitor $3,050 as a pivotal breakout threshold.
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