Ethereum price eyes $2,755 breakout as July rally outpaces Bitcoin for second time in 2025
Ethereum tests key resistance at $2,755 as July rally strengthens relative to Bitcoin performance
Ethereum is approaching a pivotal resistance zone after reclaiming key structural levels across major timeframes. With bullish momentum building and altcoin leadership emerging, traders are closely watching for confirmation of a breakout above the $2,755 mark.
Highlights
- Ethereum trades near $2,755, testing the 0.5 Fibonacci resistance amid bullish higher timeframe structure
- ETH has outperformed Bitcoin in July, gaining 2.5% versus BTC’s 1.2%, marking its second lead this year
- A clean break above $2,755 could open a path to $3,000, while failure risks downside to $2,440 or $2,200
Ethereum approaches key technical resistance
Ethereum is currently consolidating just below the $2,755 level, the 0.5 Fibonacci retracement drawn from the 2024 high near $4,105 to the March 2025 low around $1,385. The weekly chart places this level as immediate resistance, with a clean breakout potentially opening the path to the golden ratio at $3,018. This level has historically acted as a magnet during mid-range rallies, reinforcing its technical importance.
ETH price dynamics (Source: TradingView)
The daily structure reflects an extended accumulation phase, supported by higher lows and a protected swing low near $2,200. On the 4-hour smart money chart, ETH is challenging a local range high at $2,680 amid inefficient price zones and prior bearish rejections. A breakout above this range with volume would suggest a decisive shift, while failure could trigger another sweep of demand zones.
Ethereum leads July gains as altcoin strength builds
According to data from CryptoRank, Ethereum is up 2.5% so far in July, compared to Bitcoin’s 1.2% gain. This marks ETH’s second outperformance of BTC in 2025—the last instance being May, when Ethereum surged over 41%. The ETH/BTC strength has historically preceded altcoin season, raising the possibility of a broader market rotation if this trend continues.
Still, July has averaged only +5.13% for ETH over the last decade, and Q3 remains mixed in historical performance. The $2,680–$2,755 range remains critical, and a daily close above it could validate breakout targets near $2,800 and $3,000. On the other hand, if Ethereum slips back below $2,440, bulls may lose their footing heading into the rest of the quarter.
In our July 8 analysis, we noted Ethereum’s structure improving above $2,575, with MACD and RSI confirming short-term strength. The price has since respected key support zones and continues pressing against resistance. Today’s setup reinforces the earlier view that ETH is coiling for a breakout, with near-term momentum favoring the bulls.
