Ethereum News Today: Ethereum Consolidates Below $3,708 as Derivatives Volume Falls 13.55% and Open Interest Declines 4.04%

Ethereum’s price action on July 25, 2025, reflects a cautious market sentiment as the cryptocurrency consolidates below key resistance levels after a sharp pullback from $3,860 earlier in the week. Current price stabilization near $3,640 follows a breakdown from an ascending channel that had supported its rally since mid-July. Technical indicators suggest limited directional bias, with the 1-hour RSI at 50.40 signaling neutrality but no confirmed reversal. The weekly Fibonacci 0.786 retracement level of $3,525 has emerged as a critical resistance zone, with further downward pressure likely until this threshold is decisively reclaimed.

Derivatives data underscores the cautious outlook. Coinglass reports a 13.55% drop in volume to $120.30B, alongside a 4.04% decline in open interest to $54.27B. Options trading volume fell 25%, indicating reduced speculative activity despite long/short ratios on major exchanges remaining above 1.6, which implies lingering bullish expectations [1]. On the 30-minute timeframe, Ethereum is forming a symmetrical triangle between $3,560 and $3,700, a pattern typically resolved via a breakout. However, a bearish bias persists as the Parabolic SAR remains above price and the Supertrend flipped red below $3,740.

Price dynamics on the 4-hour chart show Bollinger Bands compressing, with ETH hugging the midline between $3,545 (50 EMA) and $3,708. The 20 EMA at $3,669 and the 4-hour Bollinger Band structure suggest a potential volatility spike in the next 24 hours. Immediate resistance sits at $3,708, with a successful breakout potentially pushing ETH toward $3,830 and then $4,000. Conversely, a retest of $3,545 and $3,500 is expected if the price remains range-bound. A breakdown below $3,500 could target $3,300, where the 100 EMA and high-volume node provide confluence support.

Analysts highlight the importance of volume profile data, noting a key Point of Control at $3,299 and a critical rejection zone near $3,800–$3,860. The higher time frame trend remains bullish overall, but near-term momentum depends on a decisive move above $3,700 or a breakdown below $3,545. Technical indicators like MACD show a weak crossover, while the ADX flattening on the DMI suggests consolidation rather than a trending structure [1].

The Ethereum Price Forecast Table for July 25, 2025, outlines critical levels and signals:

- : $3,708

- : $3,830

- : $3,545

- : $3,300

- : 50.40 (Neutral)

- : Weak crossover, indecisive

- : Compressing, volatility contraction

- : $54.27B (Declining)

Source: [1] [Ethereum (ETH) Price Prediction for July 25](https://coinedition.com/ethereum-eth-price-prediction-for-july-25-2025/)