{"content":"In a month, the price of Ethereum has risen past $2,800; might $3,000 be on the horizon? Ethereum hit a new all-time high earlier in the day, rising to $2,821.56, its previous high since June 12th. The demand for cryptocurrency exchange-traded funds (ETFs) has soared, leading to an almost 5% spike in ETHUSD in the last 24 hours. On July 9th, investment in Ethereum spot ETFs from the United States reached $211.32 million, the second-highest level seen since February, when ETHUSD was just below $3,000 per coin. The previous breakouts have not been able to maintain their upward momentum, thus this move follows the breaking of the $2,500 resistance level. Is it possible that this one is unique? With ETHUSD now trading $50 below its prior high, it's clear that profit taking has already occurred. A relative strength index (RSI) ceiling of 56.8 over 14 weeks is the primary cause. Since Ethereum's last price over $3,000 in December 2024, this level has remained unchanged. At the time of writing, the RSI was at 56.6; if it were to break out of the upper resistance and move toward 57–60, ETHUSD would likely be trading at or around $3,000 at market value. #ETH #BTCBreaksATH #TrumpTariffs #OneBigBeautifulBill $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/10/69e5865e53d002a88dd3408bd486f90c.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}