As of July 11, 2025, Ethereum has confidently surpassed $3,000. This long-awaited rise sparks a key question: will the asset hold steady? Let’s explore the drivers and outlook.

Drivers of the Rise: Retail Investor Surge

The main force behind the climb is the revival of short-term investors. Analysts note new wallets joining the market, signaling a retail interest revival. Moreover, steady ETF inflows and breached resistance levels support the trend. Consequently, these factors lay a strong foundation.

Retail Demand Gains Momentum

Ethereum’s leap past $3,000 is more than a technical win. It reflects a behavioral shift. Glassnode’s HODL Waves shows a rise in tokens held from one week to three months. This uptick points to new participants. As a result, demand strengthens.

Unlike the usual dominance of long-term holders, the recent short-term investor spike suggests active trading. However, long-term HODL ranges confirm veteran confidence in offline storage. Therefore, the market balances these dynamics.

Key Support and Resistance Levels

Price action ties to wallet distribution. The largest address cluster lies between $2,237 and $2,523. Here, millions are in profit. This range will serve as support if momentum fades. Profitable investors tend to hold.

Above, the $2,968–$3,230 zone marks break-even positions. Beyond $3,230, loss-making holdings may trigger profit-taking. These clusters, from the In/Out of the Money indicator, will shape the next move. A breakout above $3,230 targets $3,500. Yet, a failure risks a drop to $2,523.

Technical Analysis: Fibonacci Levels and OBV

Resistance at $3,045 stems from a 0.618 Fibonacci extension. It’s based on trends from $1,388, $2,869, and $2,123. The next level is $3,295 (0.786). With momentum, $3,615 is in sight.

However, the OBV indicator raises concerns. It hasn’t surpassed the $2,890 peak. This divergence between price and volume warns of weakening demand. At the same time, if growth lacks OBV support, the rally may stall. A drop below $2,693 (0.382) could lead to $2,475.

Conclusion: What Lies Ahead for Ethereum?

Ethereum’s rise above $3,000 blends retail enthusiasm and technical factors. With momentum intact, $3,500 is possible. Yet, OBV divergence and profit-taking risks need monitoring. Stay tuned to Crypto-News.top!