The post Ethereum (ETH) Price Prediction for July 19 appeared on BitcoinEthereumNews.com.

After reclaiming the $3,325 supply zone earlier this week, Ethereum price has launched into a vertical rally, rising more than 20 percent in just three sessions. Ethereum price today is trading around $3,655, its highest level since early 2024. The move is driven by a confirmed breakout from a long-term triangle structure. Bullish continuation now hinges on ETH holding above key former resistance levels. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) The weekly chart shows that Ethereum price has surged past the 0.618 Fibonacci retracement level at $3,067 and is now approaching the 0.786 level near $3,524. This rally is unfolding just after ETH confirmed a breakout from the multi-year symmetrical triangle visible on the monthly chart. That structure has capped ETH since 2022, and the breakout candle now reflects a long-awaited shift in macro trend. ETH price dynamics (Source: TradingView) On the daily timeframe, ETH cut through major levels including $2,530 and $3,325 with strong momentum. The volume profile highlights a low-liquidity pocket between $3,500 and $3,700, increasing the chances that price continues climbing toward the $4,100 zone. Volume expansion has supported the move, and no significant supply zones have been encountered yet. Why Is The Ethereum Price Going Up Today? ETH Derivative Analysis (Source: Coinglass) The powerful rally in Ethereum price today is supported by strong derivatives flow and market participation. As per Coinglass, ETH open interest is up 7.35 percent at $52.38 billion while volume has jumped 15.23 percent to $172.45 billion. The Binance long-short ratio stands at 2.92 for top traders, indicating a heavy preference toward long positions. ETH price dynamics (Source: TradingView) Technically, Ethereum price action on the 4-hour chart is supported by a bullish EMA alignment. The 20 EMA at $3,323 and the 50 EMA at $3,103 are now well below…

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Filed under: News - @ July 18, 2025 8:25 am