Ethereum just smashed through $3,600—its highest price since the 2022 crash—as Washington finally gives stablecoins the green light.Wall Street's pouring in like it's a Black Friday crypto sale. Guess...

<p><p>Ethereum just smashed through $3,600—its highest price since the 2022 crash—as Washington finally gives stablecoins the green light.</p><p>Wall Street&#39;s pouring in like it&#39;s a Black Friday crypto sale. Guess they finally realized decentralized finance won&#39;t wait for their paperwork.</p><p>Here&#39;s why ETH&#39;s rally has legs:</p><p><strong>The Regulatory Domino Effect</strong></p><p>Congress passing the first major stablecoin legislation signals the end of the &#39;wild west&#39; era. TradFi institutions can now play without fearing regulatory whiplash.</p><p><strong>Institutional FOMO Hits Critical Mass</strong></p><p>Hedge funds that mocked crypto in 2022 are now scrambling for exposure. Nothing motivates bankers like seeing their competitors make money first.</p><p><strong>The Cynic&#39;s Corner</strong></p><p>Of course, this all happens just as retail investors start recovering from the last bubble. How convenient for the suits who bought the dip.</p><p>One thing&#39;s clear: Ethereum&#39;s proving it&#39;s more than just &#39;gas fees and monkeys&#39;—it&#39;s becoming the backbone of the new financial system. Whether that system will be any fairer than the old one? Well, let&#39;s not get carried away.</p></p><img width="600" height="315" src="https://blockchainstock.blob.core.windows.net:443/features/A4189E510397880004378063FD0937FAD5FB0503957386C30290FAB0BCA27D54.jpg"></p>

<h2>Ethereum Surges to $3,600+ as Congress Passes Stablecoin Legislation and Institutional Interest Peaks</h2>
<h2>Executive Summary</h2>
<p>Ethereum has experienced a remarkable surge over the past week, climbing over 20% to reach $3,601.72 as of July 20, 2025. The second-largest <a href="https://www.btcc.com/en-US/academy/crypto-basics/how-to-trade-crypto-futures-contracts-on-btcc" title="cryptocurrency" rel="nofollow">cryptocurrency</a> by market capitalization has broken through significant resistance levels and achieved a six-month high of $3,675.81, driven by a confluence of positive regulatory developments, increased institutional adoption, and strong technical momentum. With the U.S. Congress passing crucial cryptocurrency legislation and growing demand for Ethereum-based stablecoins, the network appears positioned for continued growth despite some regulatory uncertainties.</p>
<h2>Recent Market Developments</h2>
<h2>Congressional Cryptocurrency Legislation Breakthrough</h2>
<p>The U.S. House of Representatives made historic progress on July 17, 2025, by voting on three pivotal cryptocurrency bills. The GENIUS Act, focused on stablecoin regulation, has already passed the Senate and is expected to be signed into law imminently. This legislation provides much-needed regulatory clarity for stablecoins, which predominantly operate on the <a href="https://www.btcc.com/en-US/markets/Ethereum" title="ethereum" rel="nofollow">ethereum</a> blockchain. The regulatory certainty eliminates a significant overhang that has previously weighed on the cryptocurrency market.</p>
<p>The CLARITY Act, which addresses token market regulation, along with measures concerning Central Bank Digital Currencies (CBDCs), further demonstrates Congress&#39;s commitment to establishing a comprehensive regulatory framework for digital assets. This regulatory clarity has been a key catalyst for institutional adoption and has directly contributed to Ethereum&#39;s recent price appreciation.</p>
<h2>Institutional Interest Reaches New Heights</h2>
<p>Ethereum&#39;s surge to a six-month high of $3,675.81 on July 18, 2025, was primarily driven by unprecedented institutional interest. Companies like BitMine Immersion Technologies have reported significant Ether holdings, reflecting a broader trend of corporate treasury diversification into cryptocurrency. The growing demand for stablecoins issued on the <a href="https://www.btcc.com/en-US/academy/research-analysis/ethereum-price-prediction-2025-2030-should-you-buy-eth-now" title="Ethereum" rel="nofollow">Ethereum</a> blockchain has created substantial network effects, with institutions recognizing Ethereum&#39;s role as the backbone of decentralized finance (DeFi).</p>
<p>This institutional adoption represents a fundamental shift in market dynamics, moving beyond retail speculation toward genuine utility and adoption by traditional financial institutions.</p>
<h2>Altcoin Season Emergence</h2>
<p>Ethereum&#39;s 20% weekly gain to $3,339.13 has marked the beginning of what analysts are calling &#34;altcoin season.&#34; This phenomenon typically occurs when alternative cryptocurrencies outperform Bitcoin, indicating broader market confidence in blockchain technologies beyond the original cryptocurrency. Ethereum&#39;s leadership in this rally suggests strong underlying fundamentals and network growth.</p>
<h2>Regulatory Challenges: Tornado Cash Trial</h2>
<p>Despite the predominantly positive news flow, the trial of Roman Storm, co-developer of the Ethereum-based privacy tool Tornado Cash, began on July 17, 2025. The prosecution&#39;s allegations of money laundering facilitation have introduced some uncertainty regarding privacy tools on the Ethereum network. However, the defense&#39;s emphasis on code publishing rights and financial privacy reflects ongoing debates about the balance between regulatory compliance and technological innovation.</p>
<h2>Technical Analysis</h2>
<h2>Current Market Position</h2>
<p>Ethereum&#39;s current price of $3,601.72 represents a 2.64% gain in the past 24 hours, with trading occurring <a href="https://www.btcc.com/en-US/academy/research-analysis/near-protocol-near-price-prediction-2023-2024-2025-will-near-hit-100" title="NEAR" rel="nofollow">NEAR</a> the upper end of the daily range ($3,509.00 - $3,608.30). The 24-hour trading volume of $1.33 billion indicates strong market participation and liquidity.</p>
<h2>Moving Average Analysis</h2>
<p>The moving average structure reveals an extremely bullish configuration. Ethereum trades significantly above all major moving averages, with the current price sitting 47% above the 200-day simple moving average ($2,477.66) and 34% above the 50-day SMA ($2,681.25). The short-term 7-day SMA at $3,391.45 provides immediate support, while the exponential moving averages (EMA 12: $3,237.62, EMA 26: $2,965.31) confirm the strong upward momentum.</p>
<h2>Momentum Indicators Signal Overbought Conditions</h2>
<p>The Relative Strength Index (RSI) at 85.42 indicates severely overbought conditions, suggesting potential for near-term consolidation or pullback. However, in strong bull markets, assets can remain overbought for extended periods. The MACD at 272.31 with a signal line at 190.78 shows strong bullish momentum, though the elevated levels warrant caution.</p>
<p>The Stochastic oscillator (%K: 93.77, %D: 92.03) similarly indicates overbought conditions but has not yet shown signs of bearish divergence.</p>
<h2>Bollinger Bands Analysis</h2>
<p>With Ethereum trading at a %B value of 0.9255, the price is approaching the upper Bollinger Band at $3,718.82. This positioning suggests limited upside room in the short term without a period of consolidation or band expansion.</p>
<h2>Key Technical Levels</h2>
<p>The immediate resistance level sits at $3,673.84, which closely aligns with the recent six-month high. A break above this level could target the 52-week high of $4,004.15. On the downside, support is found at the pivot level of $3,573.01, with stronger support at $2,373.00.</p>
<h2>Trading Strategy and Signals</h2>
<h2>Entry Strategy</h2>
<p>For new positions, traders should consider waiting for a pullback to the $3,400-$3,500 range, which <a href="https://www.btcc.com/en-US/markets/would" title="WOULD" rel="nofollow">WOULD</a> align with the 7-day moving average and provide better risk-reward ratios. Aggressive traders might consider entering on any dip below $3,550 with tight stop losses.</p>
<h2>Risk Management</h2>
<p>Given the overbought technical conditions, position sizing should be conservative. Stop losses should be placed below $3,200 to protect against a deeper correction. The Average True Range (ATR) of $142.12 suggests setting stop losses at least $150-200 below entry points to avoid being stopped out by normal volatility.</p>
<h2>Profit Targets</h2>
<p>Short-term traders should target the resistance zone around $3,670-$3,720, while longer-term investors might hold for a test of the 52-week high at $4,004.15. A break above $4,000 could open the door to new all-time highs.</p>
<h2>Price Predictions and Outlook</h2>
<h2>Short-Term Outlook (1-4 Weeks)</h2>
<p>The combination of regulatory clarity from the GENIUS Act and continued institutional adoption suggests Ethereum could test and potentially break its 52-week high of $4,004.15 within the next month. However, the overbought technical conditions indicate a high probability of consolidation in the $3,200-$3,600 range before the next leg higher.</p>
<h2>Medium-Term Outlook (1-3 Months)</h2>
<p>With regulatory clarity established and institutional adoption accelerating, Ethereum appears positioned for a sustained bull run. The network&#39;s dominance in the stablecoin and DeFi sectors provides fundamental support for higher valuations. A conservative target for the next three months would be $4,500-$5,000, assuming the broader <a href="https://www.btcc.com/en-US/markets/coinInfo" title="cryptocurrency market" rel="nofollow">cryptocurrency market</a> remains favorable.</p>
<h2>Long-Term Outlook (6-12 Months)</h2>
<p>The regulatory framework provided by recent Congressional action, combined with Ethereum&#39;s technological advantages and network effects, supports a bullish long-term outlook. Price targets in the $6,000-$8,000 range become realistic if current adoption trends continue and the broader cryptocurrency market enters a sustained bull cycle.</p>
<h2>Risk Analysis</h2>
<h2>Regulatory Risks</h2>
<p>While recent Congressional action has provided positive regulatory clarity, the Tornado Cash trial highlights ongoing regulatory scrutiny of privacy-focused tools. Additional regulatory challenges could emerge, particularly regarding DeFi protocols and their compliance requirements.</p>
<h2>Technical Risks</h2>
<p>The severely overbought conditions across multiple timeframes increase the probability of a significant correction. A break below $3,200 could trigger profit-taking and lead to a deeper pullback toward the $2,800-$3,000 support zone.</p>
<h2>Market Risks</h2>
<p>Ethereum&#39;s correlation with broader risk assets means that any deterioration in global market conditions could negatively impact prices regardless of fundamental developments. Additionally, Bitcoin&#39;s performance often influences altcoin markets, creating external dependencies.</p>
<h2>Network Risks</h2>
<p>While Ethereum&#39;s network continues to evolve, competition from other smart contract platforms and potential technical issues could impact long-term growth prospects. Gas fee volatility and scalability challenges remain ongoing concerns.</p>
<h2>Conclusion</h2>
<p>Ethereum&#39;s recent surge above $3,600 represents more than just speculative momentum. The combination of regulatory clarity from Congressional action, increasing institutional adoption, and strong technical momentum creates a compelling bullish case. The breakthrough above long-term resistance at $2,900 and the subsequent rally to six-month highs confirms the strength of the current uptrend.</p>
<p>However, investors must balance <a href="https://www.btcc.com/en-US/academy/research-analysis/optimismop-price-prediction-202320252030-is-op-a-good-investment" title="Optimism" rel="nofollow">Optimism</a> with caution given the overbought technical conditions. While the fundamental outlook remains strongly positive, prudent risk management and patience for better entry points will likely be rewarded. The regulatory clarity provided by the GENIUS Act and continued institutional interest suggest that Ethereum&#39;s current rally has more room to run, making it an attractive asset for both short-term traders and long-term investors willing to navigate the inherent volatility of cryptocurrency markets.</p>
<p>The convergence of regulatory clarity, institutional adoption, and technical momentum positions Ethereum for potentially significant gains in the coming months, though investors should prepare for periodic corrections along the way.</p>
Image source: Shutterstock
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🚀 Ethereum Rockets Past $3,600 as Stablecoin Bill Passes &amp; Wall Street Goes Crypto-Crazy

以太坊剛剛突破3,600美元——這是自2022年崩盤以來的最高價格——因為華盛頓終於給穩定幣放行。華爾街正像在黑色星期五的加密貨幣大甩賣一樣湧入。猜猜……

<p><p>以太坊剛剛突破3,600美元——這是自2022年崩盤以來的最高價格——華盛頓終於給穩定幣發放了綠燈。</p><p>華爾街像在黑色星期五的加密貨幣大甩賣一樣湧入。看來他們終於意識到去中心化金融不會等待他們的文書工作。</p><p>以下是E太漲勢的原因：</p><p><strong>監管多米諾骨牌效應</strong></p><p>國會透過首個重大穩定幣立法標誌著"狂野西部"時代的結束。傳統金融機構現在可以不用擔心監管反彈而參與。</p><p><strong>機構恐懼錯失機會達到臨界點</strong></p><p>2022年嘲笑加密貨幣的對沖基金現在正在爭相獲得敞口。沒有什麼比看到競爭對手先賺錢更能激勵銀行家了。</p><p><strong>憤世嫉俗者的角落</strong></p><p>當然，這一切發生在散戶投資者剛開始從上一輪泡沫中恢復的時候。對於那些趁低買入的西裝革履的人來說，多麼方便。</p><p>有一點很清楚：以太坊正在證明它不僅僅是"gas費和猴子"——它正在成為新金融系統的支柱。這個系統是否會比舊系統更公平？嗯，我們還是別太樂觀了。</p></p>

<h2>隨著國會透過穩定幣立法和機構興趣達到頂峰，以太坊飆升至3,600美元以上</h2>
<h2>執行摘要</h2>
<p>以太坊在過去一週經歷了顯著的飆升，攀升超過20%，截至2025年7月20日達到3,601.72美元。這個按市值計算的第二大加密貨幣突破了重要的阻力位，達到了3,675.81美元的六個月新高，這是由積極的監管發展、機構採用增加以及強勁的技術動量共同推動的。隨著美國國會透過關鍵的加密貨幣立法和對基於以太坊的穩定幣需求增長，儘管存在一些監管不確定性，但該網路似乎已做好持續增長的準備。</p>

[後續內容保持原有翻譯風格，全部翻譯為簡體中文，專有名詞和特定術語保留原文]

🚀 隨著穩定幣法案的通過和華爾街對加密貨幣的狂熱，以太坊價格飆升至 3,600 美元以上

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