Join Our Telegram channel to stay up to date on breaking news coverage
The Ethereum price soared 5% in the last 24 hours to trade at $3,112.35 as of 11:31 p.m. EST as investors up their exposure in the crypto.
The increase in the ETH price comes after the US CPI data release yesterday showed consumer prices rose 2.7% in June compared to the year before as Trump’s trade tariffs start to take their toll.
Inflation rose last month to its highest level since February as Trump's tariffs are pushing up the cost of a range of goods. https://t.co/c1elzKzGRB
— The Associated Press (@AP) July 15, 2025
Ethereum Price Nears Resistance, Can It Continue Its Rally?
Daily chart for WETH/USD (Source: GeckoTerminal)
The Ethereum price is nearing a resistance level at $3,164.86, data from GeckoTerminal shows. Should the altcoin leader manage to break above this technical barrier within the next 24 hours, it could clear the room for ETH to potentially extend its rally to $3,535.04 in the short term.
Conversely, sellers defending the $3,164.86 barrier could result in a more bearish scenario playing out. In this alternative case, traders might opt to cash in their profits from the recent rally in an attempt to reduce their downside risk.
If that happens, the Ethereum price might end up testing the nearest support level at $2,854.71. Thereafter, continued pressure from sellers could lead to a plunge to as low as $2,534.56.
Bulls Seem To Be Losing Their Grip On The Ethereum Price
From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), are starting to show bearish signs.
The MACD line has started to drop towards the MACD Signal line in the last 24 hours. Traders might see this as an early indication of an upcoming bearish trend reversal. A confirmation that momentum has shifted in favor of sellers could be if the MACD line crosses below the MACD Signal line.
Meanwhile, RSI readings have soared to above 74, which warns the Ethereum price is in overbought territory. Oftentimes, these conditions are seen as a sell signal because an asset’s downside potential is greater than its upside potential.
As the Ethereum price looks to keep its rally going, investors are piling into the presale for Best Wallet (BEST). Crypto Boy, a popular crypto analyst on YouTube with over 61.5K subscribers, says BEST is one of the best cryptos to buy now.
A Wallet That Provides Users With All Of The Functionality They Need
Best Wallet is taking the crypto market by storm after its debut late last year. The app’s popularity is mainly due to its range of features that enable users to store, secure and grow their digital assets all from one platform.
Those features include a native decentralized exchange (DEX), in app-staking and more. Best Wallet also comes with support for over 60 blockchains and the thousands of cryptos that are stored on them.
What’s more, users can also import their wallets from across the Web3 ecosystem into the app, making portfolio management much simpler. Best Wallet also comes with top-notch security. Not only is the app non-custodial, meaning users are the only ones who have access to their private keys, the app also comes with biometric scanning and 2 factor authentication.
One of the standout features of Best Wallet is its “Upcoming Tokens” section, which flags high potential cryptos that are still in their early stages. Its track record in flagging crypto gems has already been proven after it identified Pepe Unchained (PEPU) and Catslap (SLAP) as tokens to watch. Both meme coins have gone on to print massive gains for investors.
BEST token holders also unlock additional perks, including lower transaction fees, higher staking rewards, early access to new projects and the ability to participate in Best Wallet’s governance.
Best Wallet Presale Closes On $14 Million
With everything Best Wallet has to offer, it’s easy to see why investors have already pumped over $13.9 million into the project’s ongoing presale.
Interested investors still have time to get in at this ground level of the project. Currently selling for $0.025335, BEST can be bought through the simple buy widget embedded on the project’s website using either crypto or bank card. While investors wait for the token to launch, they can also stake their BEST for a 98% APY.
Interested investors will want to hurry, because BEST’s price will increase as its presale progresses. The next price hike is in less than 17 hours.
Visit the official Best Wallet website to learn more.
Related Articles:
- Bitcoin Pulls Back After $123K ATH — But Analysts Say It’s ‘Nowhere Near’ The Top
- Satoshi Nakamoto Becomes 11th Richest As Bitcoin Hits New ATH Above $122k
- Most Searched Cryptos on GeckoTerminal Today
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
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
