Ethereum News Today: Ethereum Surges 4.1% to $3,703.90 as ETH/BTC Pair Breaks Out

Ethereum's price experienced a significant surge, increasing by 4.1% within a 24-hour period, bringing it close to the resistance level of $3,714.89. This rally was accompanied by a breakout in the ETH/BTC pair, which is now trading at 0.03140 BTC. The Relative Strength Index (RSI) reached 73.31, while the Moving Average Convergence Divergence (MACD) remained bullish, indicating sustained upward momentum.

Ethereum demonstrated a robust upward trend in the last 24 hours, with a 4.1% price increase to $3,703.90. This rally pushed the token near a resistance level at $3,714.89. Concurrently, the ETH/BTC trading pair confirmed a breakout on the 2-hour chart, decisively moving past a descending wedge structure. The pair now trades at 0.03140 BTC, up by 4.4%. This expansion followed a consolidation phase between July 18 and 19, characterized by consistent higher lows and capped volatility. This structural breakout contributed to Ethereum’s broader price strength and increased bullish momentum.

On the 2-hour Binance chart, Ethereum’s performance against Bitcoin reflects a clear breakout. A symmetrical wedge structure formed during July 18–19 limited movement within a narrowing range. However, buyers eventually overcame upper wedge resistance, fueling a sharp upside move. Price advanced from under 0.03000 BTC to touch 0.03120 BTC, representing a swift expansion of market activity. No major overhead resistance remains between the breakout zone and 0.03250 BTC, providing Ethereum room for further advance. The breakout candle was supported by above-average volume and a series of tight-bodied candles near the support line, reinforcing strength before expansion.

Momentum indicators on the 1-hour ETH/USD Coinbase chart support Ethereum’s ongoing price move. The Relative Strength Index (RSI) has risen to 78.42, indicating increased buying interest and short-term strength. It remains above the neutral 50 line and inside the overbought zone. Despite being in the upper range, no immediate divergence signals have emerged. Furthermore, the Moving Average Convergence Divergence (MACD) indicates a bullish pattern as well. The MACD line has crossed above the signal and the zero line, with the reading 37.45 as compared to the signal at 27.87. The alignment also contributes to the current uptrend and indicates possible further continuation.

Ethereum now trades at $3,703.90, comfortably higher than its key support level of $3,541.22. The 24-hour high and low are the resistance level to support level at $3,714.89. The stable structure over $3,700 indicates contained bullish momentum rather than volatility-driven price swings. Volume levels remain elevated, and short-term trend architecture is with the current bullish bias. RSI and MACD conditions, along with a confirmed ETH/BTC breakout, point to structural strength across both trading pairs. Ethereum continues to hold above all immediate short-term supports without any visible signs of a reversal at present.