Ethereum (ETH) Price Prediction for July 19

Key Points

1. Ethereum price has risen more than 20% in three sessions, trading around $3,655, its highest level since early 2024.

2. The rally is supported by a confirmed breakout from a long-term triangle structure and strong derivatives flow, with open interest up 7.35% and volume up 15.23%.

3. Key technical indicators include the price holding above the 0.618 Fibonacci retracement level at $3,067 and approaching the 0.786 level near $3,524.

4. The $3,325 level is now the closest support, with $4,100 as the next major resistance, and a successful retest of $3,525-$3,600 could propel ETH toward $3,850 and $4,106.

5. Despite overbought RSI readings, the lack of reversal signals suggests bulls remain in control, with a bias toward continuation toward $4,000 if $3,325 support holds.