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The Ethereum price pumped 3% in the past 24 hours to trade at $3,047 as of 1:24 a.m. EST, with trading volume surging 54% to $25.2 billion.
The increase in ETH price comes as the “Crypto Week” kicked off with BTC soaring to a new all-time high above $120K, extending its explosive rally.
ETH has also successfully crossed the $3,000 level, as investor optimism grows. It is a perfect time for the move, as lawmakers in the US House of Representatives are set to review three major crypto bills, the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.
As the crypto space makes regulatory headway, can Ethereum still soar?
Ethereum Price Ignites Rally After Breakout – Eyes Set On $3,588
The ETH price recently completed a rounded bottom formation on the 1-day chart, signaling a long-term trend reversal from bearish to bullish.
Following this, the Ethereum price entered a consolidation phase, forming a tight range just below the $2,880 resistance level, as GeckoTerminal data shows.
That resistance has now been decisively broken, confirming a bullish breakout and marking the start of a new upward leg.
The 50-day Simple Moving Average (SMA) has crossed above the 200-day SMA, forming a golden cross at $2,534, a textbook bullish signal for the price of Ethereum.
Meanwhile, the Relative Strength Index (RSI) sits at 73.92, pushing into overbought territory, indicating strong momentum but also cautioning that a short-term pullback is possible.
The Moving Average Convergence Divergence (MACD) is sharply bullish, with the MACD line well above the signal line and expanding, confirming strong upward momentum.
With the breakout confirmed, the price of ETH is poised to rally toward the 0.618 Fibonacci extension level at $3,588, representing an estimated 17% upside from the current price.
However, if Ethereum gets hit with bearish pressure, the ETH price could drop back to the 0.236 Fib level at $2,613, with the 0 Fib level at $2,883 being the immediate short-term support.
In the meantime, investors are rotating funds into Best Wallet (BEST), which a popular crypto analyst on YouTube, ClayBro, with over 136K subscribers, says has the potential to surge 10X after launch.
Best Wallet Presale Nears $14 Million – Best Crypto To Buy Now?
Best Wallet, a non-custodial, multi-chain wallet, has raised over $13.88 million in its ongoing presale, with daily inflows signaling strong investor confidence.
Since its launch in late 2024, Best Wallet has rapidly gained traction, boasting over 250,000 monthly active users. Its sleek, user-friendly interface supports more than 60 blockchains.
This includes Bitcoin, Ethereum, and soon Solana, making it a one-stop hub for investors looking to manage diverse crypto portfolios.
The wallet also integrates with over 200 decentralized exchanges (DEXs) and 20 cross-chain bridges, ensuring competitive pricing and seamless transactions.
What sets Best Wallet apart is its ecosystem. Holders unlock additional perks such as reduced trading fees, enhanced staking rewards, currently offering a dynamic 99% APY, and governance rights.
➡️ BestWallet is that reliable, discreet but ultra-efficient guy. The kind you'll be thanking in 10 years.
😂 Because yes…
👉 What seems like a big problem today, you'll laugh about tomorrow (especially if you've got @BestWalletHQ to save you the trouble 💁♂️) pic.twitter.com/kRDi2rTnx9
— Carlos | Mah (@Carlosmahh) June 19, 2025
The wallet’s “Upcoming Tokens” feature is a game-changer and has already spotlighted presale gems like Pepe Unchained (PEPU), which surged 700%, and Catslap (SLAP), which skyrocketed 7,000% at its peak.
Security is a top priority, with Best Wallet leveraging Fireblocks’ MPC-CMP technology and a Coinsult audit confirming its robust code. No KYC requirements further enhance user privacy, appealing to Web3 purists.
With the presale nearing the $14 million milestone, investors can buy BEST via the official website or app using ETH, USDT, or a bank card.
Investors can buy BEST tokens for $0.025325, but a price hike will come in around 11 hours. Therefore, investors who want to lock in the best presale rate will want to act fast.
Visit the Best Wallet website to learn more.
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