- Ethereum price hovers at $3,834 after rebounding sharply from a low of $3,675 this week.
- RSI at 45.74 shows Ethereum is trading neutrally with no overbought or oversold pressure.
- Ethereum’s Strategic Reserve tops $10B, backed by 65 entities on its 10th anniversary.
Ethereum (ETH) is still close to a key resistance level, with a price of about $3,834.71 as of July 31, 2025. The price of the asset has gone up by 1.45% in the last 24 hours. This recent movement comes after a big bounce back from a short drop below $3,700. The quick recovery shows that market participants are still interested in lower support levels.
Source: X
Ethereum has been acting very bullish since it broke through the $3,200 mark on the technical side. The area between $3,800 and $4,000 right now, on the other hand, is a psychological and technical barrier. There have been a lot of sell orders and profit-taking near $3,800, which makes short-term traders cautious. Even so, the overall structure is still bullish, with previous resistance levels now acting as strong support.
Indicators of the Market Show uncertainty in the short term but strength in the long term
Short-term technical indicators show that momentum is mixed. Ethereum moved in a range between $3,760 and $3,840 on the 5-minute chart from the Bitstamp exchange. The RSI is still at 45.74, which means it is neutral and doesn’t show any direction. The MACD, on the other hand, recently showed a bearish crossover but seems to be getting smaller, which could mean that momentum is about to change.
Volume levels are still normal, and there is no sign of a breakout. If the price moves clearly above $3,840, it could mean that the next leg up toward the $4,000 target has started. If this doesn’t happen, prices could fall back to $3,700 or even $3,500, where demand has previously kept prices up.
Institutional support gives price action a solid base
Ethereum’s Strategic Reserve now holds more than $10 billion, which is a big deal. The fund’s growth, which is supported by 65 institutions, shows that people are becoming more confident in the asset over the long term. This reserve could limit the amount of supply available and help keep prices stable during times of high volatility.
Ethereum’s price trend is still strong, even though there are some short-term resistance issues. This is because there is strong on-chain support, sentiment is improving, and institutions are getting involved.
