\u201cWe are emphasizing ETH, the asset now,\u201d Adams wrote on X. \u201cIt\u2019s made a huge difference. Keep going. ETH = world reserve asset.\u201d<\/p>\n
His bold, almost maximalist stance is a call for the market to reassess Ethereum\u2019s fundamental value. Rather than seeing it solely as infrastructure for decentralized apps, Adams argues that Ethereum is maturing into a globally viable reserve asset \u2014 one that offers both security and yield. If that narrative continues gaining traction, ETH could be poised for a major revaluation in the months ahead.<\/p>\n
ETH Reclaims Key Level As Bulls Regain Control<\/h2>\n
Ethereum (ETH) is showing renewed strength, surging nearly 15% on the week to trade around $2,955. This marks a successful breakout above the key resistance zone at $2,850, a level that previously acted as both support and resistance throughout the past two years. The weekly candle shows strong bullish momentum, supported by a significant increase in trading volume.<\/p>\n
![\"ETH](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/ETHUSD_2025-07-11_20-03-07.png?w=860&resize=860%2C500\")
<\/p>\n
The chart reveals that ETH has now reclaimed the 100-week and 200-week moving averages, which sit at $2,644 and $2,428, respectively. Reclaiming these long-term averages is a strong technical signal that the downtrend may be over, and a new bullish phase could be starting.<\/p>\n
Despite the breakout, Ethereum is still trading far below its all-time high near $4,900. This presents upside potential if the bullish momentum continues. With this breakout, ETH also confirms a higher low structure, reinforcing the bullish case for further gains.<\/p>\n
If price holds above $2,850 in the coming days, the next resistance zone sits around $3,300\u2013$3,600. A close above those levels could open the door to a rally toward $4,000 and beyond.<\/p>\n
Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum has finally broken above the critical $2,850 level, igniting momentum across the broader altcoin market. After weeks of sideways trading, this breakout marks a potential turning point, as many altcoins followed ETH\u2019s lead with sharp upward moves. Analysts are calling this shift the early stages of a new altseason \u2014 a period where alternative…<\/p>\n","protected":false},"author":1,"featured_media":5785,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[138,102,548,2875,2876,232,233,2877,105],"class_list":["post-5784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-breakout","tag-ethereum-global-adoption","tag-ethereum-growth","tag-ethereum-news","tag-ethereum-price","tag-ethereum-world-reserve-asset","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5784"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5785"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}