Ethereum News Today: Ethereum Surges 10% to $3,600 on Bullish Market Momentum

Ethereum (ETH) has recently achieved a notable milestone, surging above the $3,600 mark. This significant price movement follows a week where the cryptocurrency briefly crossed the $3,400 threshold, driven by robust market momentum. Ethereum's price action indicates that it has successfully flipped the $3,470 resistance level, setting the stage for potential further gains.

Analysts had previously forecasted that if Ethereum could sustain its momentum above $3,100, it would likely target the $3,400 and potentially the $3,600 levels in the coming weeks. This prediction has now materialized as Ethereum continues to outperform other major cryptocurrencies, including Bitcoin and Solana.

The recent price action of Ethereum has been marked by several key milestones. Initially, the cryptocurrency surged past $3,200, outperforming Bitcoin's 1.6% and Solana's 3.2% daily gains. This performance was further strengthened by a 4.01% increase, pushing Ethereum to test the $3,400-$3,600 resistance zone. Ethereum's ability to maintain its price above these levels suggests a bullish sentiment among traders and investors.

Ethereum's resilience has been evident as it has avoided a deep correction and continued to surge towards the key target zone around $3,500. This resilience is indicative of the strong underlying support for the cryptocurrency, driven by factors such as on-chain scarcity and the potential for regulatory approvals like ETFs. The price prediction for Ethereum in July 2025 shows the cryptocurrency breaking above $3,400 and eyeing the $3,600–$3,700 zone, further underscoring the bullish outlook for the asset.

The Elliott Wave structure analysis also points to a potential target of over $6,000 for Ethereum. This analysis is based on the cryptocurrency's price movements, which peaked at $2,879 on June 11, fell to $2,213 on June 22, and is now trading around $3,400. The recent price surge above $3,600 aligns with this analysis, suggesting that Ethereum could continue its upward trajectory in the near future.

In summary, Ethereum's surge above $3,600 marks a significant milestone for the cryptocurrency, driven by strong market momentum and bullish sentiment. The ability of Ethereum to maintain its price above key resistance levels and outperform other major cryptocurrencies indicates a positive outlook for the asset. As Ethereum continues to gain traction, it remains to be seen how high the cryptocurrency can climb in the coming weeks and months.