Ethereum Retreats as It Aims for the $3,500 High

Ethereum (ETH) Current Statistics

The current price: $3,328.70
Market Capitalization: $401,869,782,830.4
Trading Volume: $49,023,063,123.89
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis July 16, 2025

Ethereum’s (ETH) price has remained optimistic after breaking above the $2,700 mark as it aims for the $3,500 high. The largest altcoin rose above the $2,800 and $3,000 psychological price thresholds. Ether has continued to soar, approaching its previous high of $3,500. According to the price prediction, Ether will hit a high of $3,515.04.

Currently, bullish momentum has reached a high of $3,371 at the time of writing. It is expected that the altcoin will encounter resistance at the anticipated price level. The extended candlestick wicks indicate that the bears are actively trading. On the downside, if the altcoin retraces, it will find support above $3,200. Ether is currently retreating as it faces rejection at the $3,400 mark.

ETH Technical Indicators Reading

The weekly chart shows Ether price bars with a falling slope, reflecting the preceding slump. However, the price bars are above the moving average lines, indicating an increase. The lower time frame’s upward sloping moving average lines signal an uptrend.

Conclusion  

Ethereum is currently in an uptrend as it aims for the $3,500 high. Ether continues to rise past the $3,000 mark. Today, the bullish momentum has stopped at the $3,425 high. The altcoin is seeing a brief correction as it prepares to resume its upward pace. Meanwhile, the cryptocurrency signal is optimistic, with Ether remaining above the moving average lines.

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