Ethereum News Today: Ethereum Price Hits $3,368 With 3.99% Daily Gain As Treasury Activity Mirrors Bitcoin's 2020 Breakout

Ethereum’s price reached $3,368.34 on July 30, 2025, with a daily gain of 3.99%, as corporate treasury activity in the cryptocurrency shows signs of mirroring Bitcoin’s 2020 breakout pattern. Current price action aligns with the 0.618 Fibonacci retracement level at $3,269.81, a historically significant point for both bullish and corrective market phases. This setup has drawn comparisons to Bitcoin’s price trajectory, which began a major rally near the same Fibonacci level and eventually surged past $60,000 [1].

Analysts note that Ethereum’s price is now positioned between the 0.618 and 0.786 Fibonacci levels, which have historically served as key support zones. Institutional or treasury-based purchases in this range are seen as potential catalysts for renewed momentum. The growing number of corporate treasuries allocating Ethereum positions is being observed as a psychological trigger similar to the one that preceded Bitcoin’s 2020 rally [1].

The pattern in Ethereum’s weekly price chart suggests a potential long-term bullish scenario. A comparison with Bitcoin’s 2018–2021 movement reveals a similar Fibonacci retracement and breakout structure. At that time, MicroStrategy’s treasury accumulation near the 0.618 level coincided with a sustained rise beyond $60,000. Ethereum’s current positioning appears to be following a comparable path, with Fibonacci extensions indicating potential price targets of $5,684.77 at 1.272, $6,288.54 at 1.414, and $7,167.12 at 1.618 [1].

With Ethereum’s price currently above the 0.5 retracement level and approaching the next key resistance at 0.786, the question is whether corporate treasury activity will drive a similar breakout as seen with Bitcoin. The alignment of price and technical indicators suggests that institutional adoption could act as a foundational pillar for Ethereum’s next phase of appreciation [1].

The use of logarithmic scales in both Ethereum and Bitcoin’s charts highlights the exponential nature of these movements. While Bitcoin’s chart ends near its historical high of $69,324, Ethereum’s Fibonacci projections extend to beyond $7,000, offering a potential roadmap for future price milestones [1].

Source: [1] Ethereum Hits $3,368 as Treasury Activity Mirrors BTC $10K Move (https://cryptonewsland.com/ethereum-3368-as-treasury-mirrors-btc-10k/)