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The Ethereum price has pumped 3% in the last 24 hours to trade at $3,655 as of 1:38 a.m. EST on a 17% surge in trading volume to $40.1 billion.
This rise in the ETH price comes as Tom Lee’s BitMine Immersion Technologies added another 208,137 ETH to its crypto treasury over the last week, pushing the value of its holdings to 833,137 Ether worth over $3 billion at current prices.
As firms continue adding to their hoard, can the price of Ethereum soar even more?
Ethereum Price Poised For A Bullish Trend Continuation
The ETH price has experienced a bullish breakout from a prolonged accumulation zone.
After bottoming near the $1,400 level in April–May 2025, the Ethereum price began forming higher lows, eventually leading to a strong upward rally.
The recent breakout went above the $3,250 resistance zone with aggressive momentum, bringing the price of Ethereum to its current level around $3,655, despite a minor pullback from the recent highs.
This upward trajectory followed a clean invalidation of the previous downtrend, as indicated by the break of the descending trendline and the formation of a Golden Cross.
In this bullish crossover, the 50-day Simple Moving Average (currently $3,037) rose above the 200-day SMA ($2,501). This marked a major shift in trend sentiment and attracted substantial buyer interest, as GeckoTerminal data shows.
ETH recently broke through the 0.786 level at $2,872.21 and surged toward the 1.0 level (previous high) around $3,925.
Meanwhile, the Relative Strength Index (RSI) currently sits at 58.89, suggesting neutral-to-bullish momentum.
The price of Ethereum appears poised for continuation to the upside. The next immediate resistance lies at the previous high of $3,924. If this level is broken with strong volume, the price of ETH could rally toward the Fibonacci extension target of $4,436, which is a 21% surge from the current level.
On the downside, if the price of ETH drops, the bulls could find some support at $3,037 (50-day SMA) and $2,872 (0.786 Fib), both of which are likely to act as demand zones during any short-term retracements.
In the meantime, investors are rotating funds into Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 10X after launch.
Best Wallet Token Presale Closes On $14.5 Million – Next 10X Crypto?
The Best Wallet token presale continues to attract investors, having already garnered over $14.49 million and hurtling towards the $14.5 million mark.
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Best Wallet is designed to give users full control of their digital assets. While Best Wallet already boasts 250,000 monthly users, it’s looking to scale up even further with the help of its native token, BEST.
BEST is designed to enhance the Best Wallet user experience in several key areas. First, holding BEST tokens reduces transaction and swap fees, which is especially valuable for high-frequency users operating across several chains.
Another major perk is early access to new and promising token launches (available through the Best Wallet app’s “Upcoming Tokens” feature) long before they hit exchanges.
Projects like Pepe Unchained (PEPU) and Catslap (SLAP), flagged early by Best Wallet, delivered jaw-dropping gains of 500% and 7,000%, respectively, for early adopters.
Moreover, investors have a chance to earn passive income by buying and staking BEST for a 93% annual percentage yield (APY).
The BEST token is currently priced at $0.025435. With the next price hike looming in about 11 hours, buy soon to secure the best deal.
Check out BEST on its official website.
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