Ethereum News Today: Ethereum Gains 2.67% to $3,727 Nears $4,100 Resistance Amid Surging On-Chain Demand

Ethereum’s price has climbed closer to the $4,100 level, with technical indicators and on-chain data suggesting renewed investor confidence. The cryptocurrency is currently trading at $3,727, up 2.67% in the last 24 hours, as it approaches a key resistance zone previously capped at $4,100 [2]. Analysts note that while a direct surge to this level is not guaranteed, price action suggests it is likely to be tested soon. The $2,800 threshold remains critical for the overall bullish trend, with support levels identified at $2,815, $2,198, and $2,106. A pullback into the $3,000s could offer entry points for long-position traders, while the long-term target remains Ethereum’s all-time high of $4,868 [2].

On-chain activity has surged, with Ethereum’s daily gas usage hitting an unprecedented 162 billion units on July 24, 2025—the highest in the network’s history [1]. This spike reflects heightened demand for DeFi, NFTs, and blockchain infrastructure. Daily active addresses surpassed 500,000 for two consecutive days, while weekly transaction volume climbed to 10.3 million, the highest since May 2021. Analysts attribute the increase in gas usage to expanding user engagement and sustained demand for Ethereum-based applications [1].

Validator activity also shows signs of intensifying, with over 680,000 ETH awaiting unstaking in the exit queue, signaling increased participation in Ethereum’s proof-of-stake model [1]. This metric has sparked speculation about potential price dynamics, though analysts caution that unstaked ETH does not directly correlate with immediate price movements. Confirmation through on-chain metrics like transaction volume or gas fees remains essential for validating bullish momentum [3].

Market dynamics highlight a recurring pattern: Ethereum tends to rally toward $4,100 after periods of consolidation. However, breaching this level faces challenges, including historical volatility near psychological thresholds and liquidity constraints. Brave New Coin analysts observe that the $3,800 mark serves as a short-term floor, with sustained buying pressure needed to push through the $4,100 barrier [3]. The $2,950 zone has also emerged as a critical barrier to monitor before a definitive breakout [2].

Investor behavior suggests strategic positioning ahead of potential network upgrades or macroeconomic catalysts. The record exit queue could reflect either speculative activity or adjustments in staking strategies as participants prepare for yield changes. While some view this as a precursor to upward price action, others emphasize the need for confirmation through broader market trends or institutional inflows [3].

The interplay between technical analysis and on-chain data will remain central to market sentiment. Ethereum’s ability to sustain its rally above $3,800 and break through $4,100 will depend on broader crypto market trends, institutional participation, and upcoming Ethereum-specific upgrades. For now, the convergence of bullish price signals and elevated validator activity underscores a complex but optimistic landscape, with traders navigating both opportunities and uncertainties.

Source:

[1] [Ethereum Exit Queue Surges, Investors Watch Closely](https://m.economictimes.com/crypto-news-today-live-26-jul-2025/liveblog/122911908.cms)

[2] [Page 11 | Ethereum Token / Tether USD on BSC ...](https://www.tradingview.com/symbols/ETHUSDT_63B30D.USD/ideas/page-11/?asset=base&exchange=BISWAP), [Page 12 | Ethereum Token / Tether USD on BSC ...](https://www.tradingview.com/symbols/ETHUSDT_DE67D0.USD/ideas//page-12/?asset=base)

[3] [Ethereum (ETH) Price Prediction](https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-eyes-10000-as-arthur-hayes-endorses-rally-and-blackrock-strengthens-position)