Ethereum Tops $2.8K as Bitcoin Hits $112K in Strong Bull Run

• Ethereum forms higher lows, supported by strong accumulation and volume trends.
• Bitcoin’s U.S. premium gap indicates aggressive institutional buying pressure.

Ethereum and Bitcoin are showing strong upward momentum as key technical levels are reclaimed. ETH has broken above $2,800 with a sharp 6.8% intraday move, while BTC has reached a new all-time high above $112,000. 

Ethereum Reclaims Key Support, Builds Toward $3K and Beyond

Ethereum (ETH) has crossed the $2,800 resistance level, gaining 6.8% in just one hour, based on CoinGecko data. At press time, ETH is trading at $2,807.63 and has also recorded a 4.3% rise against Bitcoin, now at ₿0.02520409. The one-hour chart shows a steady climb starting around 14:20, followed by an accelerated push after 15:00.

ETH is now moving within a clear ascending channel. Unlike previous short-lived spikes, this rally shows signs of stability, backed by consistently higher lows and strong support near $2,700. 

The OBV (On-Balance Volume) indicator shows accumulation rather than distribution, which analysts interpret as a sign of growing confidence, possibly linked to expectations around Ethereum ETF approvals.

Technical targets are set at $3,000 (T1) and $4,000 (T2). With current momentum holding, market observers suggest a potential retest of Ethereum’s all-time high at $4,878 later in 2025. As long as ETH maintains its support levels and volume trend, the outlook remains upward.

Bitcoin Hits New ATH as U.S. Demand Drives Rally

Bitcoin (BTC) has surged to a new all-time high of $112,014, driven by strong U.S.-based accumulation. CryptoQuant data show that the Coinbase Premium Gap jumped to 42 points, indicating American investors are paying a notable premium over global exchange prices. This suggests strong demand from institutional or retail buyers, coinciding with increasing spot ETF inflows and positive macro sentiment.

Bitcoin trading within a rising channel, supported by the 21 EMA and 50 EMA. The rally began accelerating on July 9, with U.S. exchange premiums tracking closely alongside price action. BTC has reclaimed the 1.0 Fibonacci level and is now targeting further extensions: 1.5 ($114,000), 2.0 ($122,000), and 2.618 (~$131,000).

Currently trading near $108,826 after minor consolidation, BTC remains in an overall uptrend. Analysts expect continued momentum as long as the price respects channel boundaries and key EMAs. With price discovery underway, Bitcoin’s bullish structure supports further upside in the current quarter.

As both BTC and ETH continue to hold critical technical levels, analysts agree that the broader trend remains positive. Market focus is now on whether Ethereum can sustain its path toward $3,000 and if Bitcoin will extend gains beyond $114,000 in the near term.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.