Ethereum’s price has surged to $3,368.34, marking a 3.99% daily gain, as treasury activity mirrors Bitcoin’s historic 2020 breakout. Could this be the start of a major rally? Let’s dive into the details.
Ethereum Price Hits $3,368: What’s Driving the Surge?
Ethereum’s price reached $3,368.34 on July 30, 2025, with a 3.99% daily gain. The current price action aligns with the 0.618 Fibonacci retracement level at $3,269.81, a historically significant point for both bullish and corrective market phases. This setup has drawn comparisons to Bitcoin’s 2020 rally, which began near the same Fibonacci level and eventually surged past $60,000.
Fibonacci Retracement: A Key Indicator for Ethereum’s Future
Ethereum’s price is now positioned between the 0.618 and 0.786 Fibonacci levels, which have historically served as key support zones. Here’s what this means:
- 0.618 level: A critical support zone that could trigger bullish momentum.
- 0.786 level: The next key resistance level to watch.
- Fibonacci extensions: Potential price targets include $5,684.77 (1.272), $6,288.54 (1.414), and $7,167.12 (1.618).
Treasury Activity Mirrors Bitcoin’s 2020 Breakout
Corporate treasury activity in Ethereum is showing signs of mirroring Bitcoin’s 2020 breakout pattern. Institutional or treasury-based purchases in this range are seen as potential catalysts for renewed momentum. The growing number of corporate treasuries allocating Ethereum positions is being observed as a psychological trigger similar to the one that preceded Bitcoin’s 2020 rally.
Ethereum vs. Bitcoin: A Comparative Analysis
A comparison with Bitcoin’s 2018–2021 movement reveals a similar Fibonacci retracement and breakout structure. At that time, MicroStrategy’s treasury accumulation near the 0.618 level coincided with a sustained rise beyond $60,000. Ethereum’s current positioning appears to be following a comparable path.
What’s Next for Ethereum Price?
With Ethereum’s price currently above the 0.5 retracement level and approaching the next key resistance at 0.786, the question is whether corporate treasury activity will drive a similar breakout as seen with Bitcoin. The alignment of price and technical indicators suggests that institutional adoption could act as a foundational pillar for Ethereum’s next phase of appreciation.
Conclusion
Ethereum’s price surge to $3,368 and the mirroring of Bitcoin’s 2020 breakout pattern suggest a potential long-term bullish scenario. Key Fibonacci levels and institutional activity are critical factors to watch. Stay tuned for updates as the market evolves.
Frequently Asked Questions (FAQs)
What is the current Ethereum price?
Ethereum’s price reached $3,368.34 on July 30, 2025, with a 3.99% daily gain.
How does Ethereum’s price action compare to Bitcoin’s 2020 breakout?
Ethereum’s current price action aligns with the 0.618 Fibonacci retracement level, similar to Bitcoin’s 2020 breakout pattern.
What are the key Fibonacci levels to watch for Ethereum?
The 0.618 and 0.786 Fibonacci levels are key support and resistance zones, with potential price targets extending to $7,167.12.
How is corporate treasury activity impacting Ethereum’s price?
Corporate treasury activity in Ethereum is mirroring Bitcoin’s 2020 breakout, with institutional purchases acting as potential catalysts for renewed momentum.
What are the potential price targets for Ethereum?
Fibonacci extensions indicate potential price targets of $5,684.77 (1.272), $6,288.54 (1.414), and $7,167.12 (1.618).
