- Ethereum holds above $2,900 after breaking $2,800, mirroring 2021’s run toward the $4,000 level.
- Derivatives volume surged 117% with $1.53B in options, showing strong institutional participation.
- RSI stays above 60 and EMAs slope upward, confirming bullish momentum and trend continuation.
Ethereum has broken out of the $2,500–$2,800 range and is now consolidating around $2,900, showing strong technical structure. This price movement mirrors past rallies, particularly the 2021 breakout to $4,000. With momentum building and institutional interest rising, traders are watching closely for a potential continuation in Q3 2025.
Ethereum Holds Above Breakout Level as Volume and Momentum Increase
Ethereum is now trading at 3,038.29, up by 2.22% in the last 24 hours. Its market cap has increased by 2.64% to $366.76 billion as 24-hour trading volume rocketed by 108.88% to 32.2 billion. The price action is in the consolidation phase above $2,900, which is quite promising since the present price is above a major resistance level.
According to analysis prepared by Marcus Corvinus, Ethereum broke out of the $2,500–$2,800 range with strong momentum and is now retesting the breakout zone cleanly. He noted, “Same price structure we saw before it flew to $4K+ last time.” This setup reflects a familiar pattern in Ethereum’s historical market cycles.
The trend is backed up with technical indicators. The RSI daily is higher than 60, and the short term moving average is upwards sloping. ETH continues to hold above all key EMAs on major timeframes, aligning with sustained bullish momentum.
Futures Market and Derivatives Activity Reflect Strong Participation
Coinglass data shows Ethereum futures open interest has increased 6.36% to $44.56 billion. Derivatives volume rose 117.74% to $99.19 billion, while options volume surged 170.74% to $1.53 billion.
The long/short ratio stands at 1.0182 overall, while Binance’s top traders reflect a strong 2.5213 long bias. According to market activity, total liquidations reached $92.72 million in 24 hours, with $60.65 million in shorts.
This skew indicates continued upward pressure on price. Smart money flows, paired with strong market participation, suggest Ethereum could be targeting $4,000 in the near term if current conditions hold.
