Join Our Telegram channel to stay up to date on breaking news coverage
The Ethereum price climbed 1.6% in the last 24 hours to trade at $2,539 as of 7:02 a.m. EST on a 16% drop in trading volume to $18 billion.
The ETH price surge comes as renowned crypto analyst from MN Trading Capital, Michael Van De Poppe, notes a subtle shift in market interest from Bitcoin to Ether.
He says many investors are overlooking this due to lingering fears from past bear markets, or what he called “bear market PTSD.”
Van de Poppe said the market focus is shifting from just Bitcoin to also include Ethereum. He sees this as a sign that the market is maturing. Bitcoin is being treated like digital gold, while Ethereum is seen as useful for real-world applications. But many investors are still hesitant, thinking the market is doing poorly.
Ethereum Price Struggles To Break Resistance – Are Markets Truly Bad?
The chart showcases ETH/USD on a 3-day timeframe, and a price spike to a high of $4,105.53 in late 2024. However, price has since pulled back to the current level of $2,533.
ETH price is trading above the 50-day but below the 200-day Simple Moving Average (SMA) levels. The 50-day SMA at $2,289 is hovering just below, acting as a key support, while the 200-day SMA resistance has the bulls sweating.
The Moving Average Convergence Divergence (MACD) is a bullish crossover with the signal line, trending below the MACD line (blue). The Relative Strength Index (RSI) at 55.66 sits near the neutral level, leaving plenty of room to pump.
ETHUSDT Analysis Source: Tradingview
Van De Poppe is flagging a shift as institutional cash flows from BTC to ETH, driven by Ethereum’s smart contract dominance and upcoming upgrades. If his fundamental analysis is accurate, the influx of capital into ETH could push it past the 200-day SMA resistance.
Ethereum Price Targets 110% Gains
The chart shows Fibonacci levels that align with Van Poppe’s bullish sentiment on ETH. The key support level sits at $1,775 (0.236 Fibonacci level), while resistance is expected at $2,819 (0.786 Fibonacci level) and $4,105.
If ETH holds above $2,774 and breaks $2,819, we could see a push to $4,105 in the next few weeks, especially with the current uptrend from March 2025 still in play. However, be cautious, as a drop below $2,413 might trigger testing at $2,216 or lower.
The shaded zones on the chart highlight potential consolidation. A breakout above $2,880 could ignite a rally, while a failure might mean more sideways action. Long-term, ETH could reach $ 5,000 by the end of Q3 if momentum holds.
Best Wallet Presale Charges Toward $13.5M
Even as Ethereum targets a 110% gain this quarter, investors are piling into Best Wallet (BEST), a non-custodial wallet known for spotting potential 100x cryptos via its Upcoming Tokens section.
With over $13.4 million raised in its presale, Best Wallet combines sleek design with advanced features to address crypto’s biggest obstacle: user complexity. For beginners, navigating the world of digital assets can feel like solving a puzzle in the dark.
Best Wallet changes that with a sleek app that supports over 60 blockchains, including Bitcoin, Ethereum, and BNB Chain, with Solana and others on the way. It’s like having all your crypto in one easy-to-use hub.
Want to get the most out of Best Wallet? 👁️
Our YouTube channel has quick guides, walkthroughs, and feature tips to help you level up. 💡
Check out our full video library here: https://t.co/Cx50pQCeMl
— Best Wallet (@BestWalletHQ) June 18, 2025
The wallet’s standout feature is its “Upcoming Tokens” tool, which spots high-potential projects before they hit major exchanges. Take Catslap (SLAP), for example, which skyrocketed 7,000% after launch.
Due to the popularity of utility tokens and its ambitious goal to snag 40% of the $19 billion crypto wallet market, crypto analyst and YouTuber ClayBro, with over 136k subscribers, predicts that BEST might surge 20x after launch.
Holding BEST tokens also unlocks perks like lower swap fees, early access to presales, and staking rewards with up to 104% APY.
Additionally, the upcoming Best Card will let users spend crypto at millions of Mastercard merchants worldwide, bridging the gap between Web3 and real-world spending.
BEST tokens sell for $0.025205 right now. Interested investors should buy before a price hike in less than 31 hours.
Visit the BEST Wallet website.
Related Articles:
- JPMorgan Files For “JPMD” Trademark, Fueling Stablecoin Speculation
- Metaplanet Passes Coinbase As 7th-Biggest Bitcoin Holder
- Doodles Launches NFT Stickers – Sold Out In Less Than 24 Hours
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
