Ethereum Price Climbs While Traders Buy This ICO For 10x Gains

Ethereum Price Prediction: ETH Climbs 2% As Vitalik Buterin Proposes Gas Cap, While Traders Buy This OnlyFans Rival For 10x Potential

ByAlex Murage

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Updated: 07 July 2025

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The Ethereum price climbed 2% in the last 24 hours to trade at $2,582 as of 3:33 a.m. EST on a 100% surge in daily trading volume to $11.7 billion.

The price surge came as Vitalik Buterin and Toni Wahrstätter proposed capping ETH transaction gas at 16.77 million in a bid to reduce Denial of Service (DoS) risk, improve zero-knowledge Virtual Machines (zkVM), and balance gas use.

VITALIK & WAHRSTÄTTER CO-AUTHOR EIP-7983 TO CAP ETH GAS AT 16.77M

AIMING TO REDUCE DOS RISK & BOOST zkVM PERFORMANCE.

Source: @Cointelegraph https://t.co/pZqiKn9ZHP pic.twitter.com/kmJ0ZnmBjx

— Mario Nawfal’s Roundtable (@RoundtableSpace) July 6, 2025

Currently, no per-transaction gas limit exists, and the cap would reject overly complex transactions, aiding predictability.

Ethereum Price Bull Flag Could Deliver 43% Gains In July

The ETH price on the 3-day timeframe chart shows a dip from a peak of around $4,106 around early January 2025 before bottoming out at around $1,385 and beginning an ascent.

The price is now hovering above the 50-day Simple Moving Average (SMA) at $2,226, but below the 200-day SMA ($2,791). That recent drop candle with a long wick tested the $2,045 mark, but ETH bounced back with strength, signaling some serious resilience.

With the volume surging a mammoth 100% in the last 24 hours, Ethereum price action may just be preparing to pop.

Zooming into the indicators, the Relative Strength Indicator (RSI) sits at 56.83, which is neutral to bullish ground. The Moving Average Convergence Divergence (MACD) is flattening, hinting at a potential struggle between bulls and bears.

The Ethereum price action is consolidating between $2,361 and $2,871, with a recent candle suggesting buyers might be stepping in. If ETH holds above $2,361, we could see a push toward $2,871, maybe even $3,697 if the gas cap hype fuels the fire.

ETH/USD Chart Analysis Source: GeckoTerminal

ETH Price Prediction

Vitalik’s proposal could be the fuel that ETH needs to break out of its current 57-day range. Lowering gas costs might boost dApp usage and staking, driving demand. If developers and the community greenlight this in a DAO vote, ETH could potentially jump 10-15% in July, pushing ETH toward $3,697.

However, the resistance at $2,900 is strong, and a rejection could send us back to $2,400, or even $2,045, if sentiment sours.

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