Ethereum News Today: Render's 5% Surge Bolstered by Bullish Fractal Mirroring Ethena's 66% Breakout

The cryptocurrency market has shown renewed vigor amid a broad-based rebound, with Ethereum (ETH) surging over 3% on July 26, 2025, and spillover momentum lifting altcoins like Render (RENDER). The AI-focused token has climbed 5% in a single day, extending its monthly rally to 37%. Notably, technical analysts are highlighting a potential bullish fractal pattern in RENDER’s price action, drawing parallels to the recent breakout seen in Ethena (ENA) [1].

A comparative analysis of daily charts for RENDER and ENA reveals striking similarities in their trajectories. ENA’s prior breakout from a falling wedge pattern—a classic bullish reversal formation—allowed it to reclaim its 100-day moving average and pierce key resistance levels, culminating in a 66% price surge. RENDER appears to be following a similar playbook, having recently escaped its own falling wedge and broken above critical resistance near $4.66. The token is now retesting this zone, a pivotal juncture that mirrors ENA’s pre-rally consolidation phase [1].

The fractal’s integrity hinges on key technical levels. If RENDER sustains above its 100-day moving average (~$4.02), the pattern remains valid, potentially propelling the asset toward $4.69 and beyond. A confirmed breach of this level could trigger a rally targeting $7.00, aligning with ENA’s historical performance during its breakout [1]. Conversely, a decline below $4.02 would invalidate the bullish case, prompting a reassessment of risk-reward dynamics for traders.

The market’s current sentiment is bolstered by broader crypto trends, with Ethereum’s recovery fueling optimism across the sector. However, investors are cautioned to monitor on-chain metrics and macroeconomic signals, which remain volatile amid shifting regulatory and macroeconomic conditions. The fractal-based analysis, while compelling, underscores the importance of price action adherence to technical levels rather than speculative forecasts [1].

Source: [1] [Render (RENDER) To Rally Higher? This Emerging Bullish Fractal Saying Yes!] [https://coinmarketcap.com/community/articles/6884705314ef1463d5477834/]