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The Ethereum price edged up a fraction of a percentage in the past 24 hours to trade at $3,797 as of 1:23 a.m. EST, with trading volume dropping 14% to $30 billion.
This uptick in the ETH price comes as Ethereum-focused blockchain tech firm BTCS Inc. said it plans to sell shares worth up to $2 billion to fund future crypto acquisitions, according to a Tuesday S-3 registration submitted to the US Securities and Exchange Commission (SEC).
In the filing, BTCS said it seeks to sell common shares across different offerings, which is capped at $2 billion.
Can the price of Ethereum soar from here?
Ethereum Price Builds Momentum Toward New Highs
The ETH price has been in a strong bullish trend since mid-April 2025, breaking out decisively above the 50-day and 200-day Simple Moving Averages (SMAs).
The Ethereum price recently surged to test the $3,800 region, nearing a key resistance zone just below the previous high of $3,939, as GeckoTerminal data shows.
This rally formed a clear cup-and-handle pattern, a bullish continuation formation, which appears to have resolved to the upside. The momentum remains steep with minimal retracement, reflecting firm buyer conviction.
Meanwhile, the Relative Strength Index (RSI) is currently at 75.24, indicating that ETH is in overbought territory. While this suggests a risk of short-term consolidation or pullback, it also confirms the strength of the current trend.
Given the strong bullish momentum and technical breakout from the handle formation, the price of Ethereum is likely to challenge the $3,939 high (0 Fibonacci level). A successful break above this level could open the door toward the $4,200–$4,400 range.
The Chaikin Money Flow (CMF) is at 0.23, reflecting sustained buying pressure and strong capital inflow into Ethereum.
However, due to the overbought RSI conditions, a brief consolidation or retest of the $3,327 level (0.236 Fib level) remains possible before continuation.
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 100X after launch.
Best Wallet Token Presale Garners Over $14.3 Million
Best Wallet is quickly building a reputation as the leading crypto wallet, with features that align perfectly with today’s market demands.
Its transactional capabilities are powered by smart integrations with over 330 decentralized protocols and more than 30 cross-chain bridges, giving users access to deep liquidity and competitive pricing across multiple networks.
Still in its early stages of its token presale, the project has already raised over $14.3 million and is quickly hurtling towards $15 million.
It combines a built-in DEX, staking platform, and token launchpad, enabling users to manage, trade, and grow their crypto seamlessly.
Importing wallets from other Web3 platforms is effortless, and security is top-notch, with private keys stored locally, not on vulnerable servers.
🔥 Over $14M Raised & Climbing! 🔥
Built for traders who want speed and early access.
✅ Buy early-stage tokens straight from the app
✅ Swap and bridge across chains with ease
✅ Clean interface, full control of your assetsDownload Best Wallet 📲 https://t.co/YZVS4oxbqw pic.twitter.com/he2vFsrNK9
— Best Wallet (@BestWalletHQ) July 21, 2025
Meanwhile, the “Upcoming Tokens” feature is a standout. Designed to surface projects the team has identified as high-potential before exchange listings, it has consistently highlighted winners ahead of the market.
Its calls include Wall Street Pepe (WEPE), up 20% in the past two weeks, and Solaxy (SOLX), Solana’s first layer-2 chain, which has climbed 21% in just the past week.
The native token, BEST, powers this ecosystem. Furthermore, holding the token unlocks perks such as reduced trading fees, access to exclusive presales, and staking rewards with an impressive 94% annual return.
The BEST token is currently priced at $0.025405. With the next price hike looming in around 11 hours, buy soon to secure the best deal.
Check out BEST on its official website.
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