Ethereum (ETH) Price Prediction for July 28, 2025: ETH Blasts Past $3,900 As Bulls Eye $4,089 Liquidity Zone

Key Points

1. Ethereum price has broken out from the $2,800 range and is now consolidating near $3,900, targeting the 2024 swing high near $4,089.

2. Derivative metrics show bullish signals, including a 59.1% surge in ETH trading volume and a 6.84% increase in open interest to $59.43 billion.

3. Technical indicators like the Directional Movement Index (+DI at 25.3 vs. -DI at 11.5) and RSI cooling from 66 to 62 suggest a healthy trend extension.

4. A breakout above $4,089 could lead to further gains toward $4,300 and $4,500, while failure to break $4,000 may result in a pullback to $3,754 or $3,680.

5. Key support levels include the EMA cluster ($3,781 to $3,177) and VWAP support at $3,883, with the Bollinger Bands upper band at $3,920 indicating potential volatility.