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The Ethereum price has soared 6% in the last 24 hours to trade at $2,594 as of 3:33 a.m. EST on a 67% surge in trading volume to $24.2 billion.
The ETH price surge comes after Fidelity secured 10,733.63 ETH worth $25.8 million as part of its growing digital asset portfolio.
Ethereum ETF again $19,000,000 $ETH inflow.
Fidelity keeps on buying Ethereum👇 pic.twitter.com/QqtSsrdupm
— Ted (@TedPillows) February 20, 2025
This latest purchase brings their total held Ether to 24,459.78, worth $63.5 million.
Ethereum Price Targets 11% Extra Gains On Fidelity Purchase Hype
The 12-hour ETH/USD chart shows ETH’s price at $2,600, with the 200 and 50 Simple Moving Averages (SMAs) positioned below it.
The 50-period SMA at $2,507 and the 200-period SMA at $2,183 are holding steady, showing some solid support. That recent green candle spike may be the market’s reaction to the Fidelity purchase news, and it pushed ETH past the $2,400 resistance zone, which aligns with the 0.618 Fibonacci retracement level.
The Relative Strength Index (RSI) at 62.26 is cruising above the neutral territory, reaching for the overbought zone. However, it is not yet there, so there’s room to run. The Moving Average Convergence Divergence (MACD) is bullish, with the blue MACD line soaring above the signal line (orange).
ETHUSD Analysis Source: Tradingview
ETH’s current price sits between the 1.0 ($2,599) and 0.786 ($2,496.47) Fib levels, hinting at a strong uptrend. The $2,879 high (1.618 Fib extension level) is the next big target if this momentum carries on.
However, the 0.5 ($2,358) and 0.236 ($2,231) Fib levels are key support levels if bears bring an end to the climb. From the chart, it looks like a bounce-back for the Ethereum price is in play now.
This Fidelity ETF move is significant. $25.8M in buys signals institutional FOMO, and with ETH’s price action aligning, there could be a push toward $2,800 soon if volume holds.
Ethereum Price Might Rally If $2,600 Breaks
Investors should watch out for profit-taking around $2,600-$2,700, as that’s where the 1.0 Fib level ($2,595.63) is, and might act as resistance.
In the short term, ETH has momentum and could rally to hit $2,700-$2,800 by mid-July if this ETF hype continues. However, in the long term, with institutional cash flowing, $3,000 isn’t off the table by Q4 2025, provided macro conditions don’t turn sour.
Investors may want to keep an eye on a potential SMA “Death Cross” and an overbought RSI. If these indicators flip bearish, traders might need to re-evaluate their approach.
BTC Bull Token – The Meme Coin That Pays You In Bitcoin
As the Ethereum price rips through the chart toward $3,000, a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) continues to surge in its presale, which has raised nearly $8 million.
With just a few days left before its July 7, 2025, exchange listing, investors are rushing to grab it for cheap. Why the hype? BTCBULL offers a simple, exciting way to ride Bitcoin’s wave while earning real BTC rewards.
BTCBULL ties its rewards to Bitcoin’s price milestones. When Bitcoin hits $150,000 for the first time, holders get a Bitcoin airdrop, real BTC sent straight to their wallets. More airdrops follow every new $50,000 milestone after that, like $200,000 and $250,000. Bitcoin’s only 37% away from that first trigger.
$BTCBULL claim goes live 7th July, 2PM UTC. 🐂💥
Don’t miss the charge. ⚔️https://t.co/N1kqrY0bow pic.twitter.com/2mxOI6Qwsw
— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 30, 2025
But that’s not all. BTCBULL also burns tokens when Bitcoin reaches $125,000 for the first time, with more burns at every new $50,000 milestone thereafter. Fewer tokens mean more scarcity, which could push BTCBULL’s price higher as demand grows.
Add in a lucrative 51% annual staking reward, and you’ve got a passive income stream that’s hard to ignore. Just hold your tokens in Best Wallet, and you’re set to earn both BTC airdrops and staking rewards without the hassle of complex DeFi setups.
Analysts on the popular crypto YouTube channel 99Bitcoins, with over 725,000 subscribers, say BTCBULL could surge 10x post-launch, thanks to its clever mix of meme coin energy and Bitcoin’s rock-solid reputation.
Final Chance To Buy BTCBULL Tokens In Presale – Only 4 Days Left
With the crypto market’s bullish momentum, fueled by institutional buys like Fidelity’s $28.5 million ETH grab, BTCBULL’s low entry price feels like a steal.
The BTCBULL token is currently priced at $0.002585, and you can buy it with ETH, USDT, or a card on the project’s website.
Time is ticking. With the presale ending in just 4 days, now is the best time to jump in before the token hits exchanges and the price potentially soars.
Check out the BTC Bull Token website.
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