Ethereum Approaches $3,019 Resistance As Price Climbs Past $3,003 in Fresh Upswing

Ethereum is testing the $3,019 resistance after a 7.7% 24-hour price gain.

The asset is trading above the $2,767 support, nearing the $3,100 rejection area.

Sustained momentum may shift the trend structure toward the $4,000 level.

Ethereum (ETH) continued its upward trajectory on July 11, with prices reaching $3,003.93 after climbing 7.7% in the past 24 hours. The asset is currently testing a notable resistance level at $3,019.35. This move marks a significant step as ETH revisits its upper trendline structure, following a steady advance that began in late June. The daily chart shows price pushing into a resistance zone framed by previous rejections just under $3,100.

This current test follows multiple failed attempts around the same horizontal level during May and June. The price action has built a rising trend with visible higher lows. However, rejection wicks in past candles near this zone underscore the difficulty of a clean breakout. The consolidation structure below this ceiling remained intact for over a month before this recent price push.

Ascending Triangle Forms with Key Resistance at $3,100 as Bullish Pressure Builds

The chart reveals a distinct ascending triangle formation. A horizontal resistance spans $3,019–$3,100 while upward-sloping higher lows have tightened price movement. The triangle’s upper edge, drawn from April and May highs, aligns with today’s price action. The $2,767.71 support remains unbroken since early July, reinforcing the current bullish structure.

Moreover, short-term market structure appears intact, and volume has gradually risen. This implies a stronger move could be underway. However, price remains below the previous rejection high near $3,100. A breakout above this ceiling remains essential to alter the medium-term direction. Until then, the $3,019 zone remains the immediate point of interest.

Support Holds as Ethereum Eyes Higher Ranges

Ethereum’s price bounced strongly from the $2,300s earlier this month and maintained higher levels. This behavior now places ETH between the $2,767 support and the $3,019 resistance. If this zone continues holding, the next area of interest lies near the $3,600 level, the chart’s upper bound. However, the price remains range-bound until a confirmed daily close above $3,100.

Until then, Ethereum's structure continues to tighten, with support and resistance levels growing closer. The next sessions may determine whether ETH sustains this move or retreats into the established range.