Ethereum (ETH) Price Prediction for July 31

After a parabolic breakout that sent Ethereum price from $2,800 to nearly $3,850 in just two weeks, the rally is showing early signs of exhaustion. Ethereum price today is consolidating near $3,758 after multiple failed intraday pushes above $3,800. With volatility compressing and volume fading, traders are watching for a decision from bulls at the upper trend channel.

What’s Happening With Ethereum’s Price?

The daily structure shows ETH facing friction just under the upper Bollinger Band at $4,151, which historically aligns with local peaks. Candlesticks are printing smaller bodies and shadows near $3,835 resistance, confirming supply pressure.

Bollinger Bands remain wide, reflecting high historical volatility. However, the price is beginning to stall near the top of the channel. All exponential moving averages (20/50/100/200) are currently stacked bullishly below, with EMA20 and EMA50 near $3,508 and $3,090 respectively. Any dip to this zone could attract aggressive buyers.

Trendlines from the second chart show a breakout above the $2,800 range base, with Ethereum now …

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