breach of $3.6K resistance amid rising interest in the EV2 Token Presale.
Ethereum (ETH) is once again approaching a key resistance level following a reversal from a monthly low of $3,250. While the price still sits 13.55% down on a monthly, short-term timeframe, charts like the weekly chart show recovery. Ether is up over 6% on the weekly chart.
On the daily chart, the price of Ethereum has recorded an intraday low of $3,407 and a high of $3,583, which it is currently at. While the price shows a rather flat price action, surging only by +0.3% over the last 24 hours, according to data by Coingecko, market participants are optimistic.
Ether is expected to continue in an upward price movement as the US shutdown nears. This new optimism has reignited hopes for a parabolic rally to $10,000, which has been on hold since the October 10 market crash. The coin’s performance in the coming days will set the tone for whether a move to such a level by December is realistic.
Ethereum Price Action | Source: Coingecko
What you'll learn 👉
Macro Catalyst: US Shutdown Resolution to Drive Ether Higher?
According to reports, the United States House of Representatives is set to vote on a proposed bill to end the federal government shutdown. A resolution ending the US federal government shutdown could be bullish for crypto markets. It could inject liquidity and improve sentiment around risk-on assets, such as Ethereum.
With Ethereum playing a significant role in DeFi and institutional staking, macroeconomic stability can accelerate the circulation of capital back into ETH. The apparent surge in price by a small percentage of 0.3% on the day suggests that markets are looking forward to the next leg, either a breakout or a breakdown.
From a sentiment standpoint, on‑chain data shows that leveraged positions are heavily clustered around two major points: above $3.8 K–$3.9 K for shorts and below $3.2 K–$3.0 K for longs.
ETH’s Two-Week liquidation Heatmap | Source: Coinglass
The data indicate that any directional thrust is likely to be a liquidity-driven move. That is, either a short squeeze if ETH breaks above the higher cluster, or a liquidity sweep if price drops into the lower region.
Is an Ethereum Rally to $10,000 ETH by December Plausible?
Ethereum bulls eye a parabolic rally to $10,000. However, given the current valuations and structural hurdles, it remains a stretch scenario. Major banks’ year-end targets for ETH range from $4,300 to $7,500, which is far below $10,000.
Earlier in August, for instance, banking giant Standard Chartered raised its prediction for Ethereum to $7,500 according to a Reuters report. Even so, the bullish thesis requires ETH to break major resistance, ignite substantial inflows, and maintain momentum, none of which are assured today.
That said, should the US shutdown resolution spark renewed risk appetite and the technical breakout deliver, ETH could still surprise to the upside. Investors should weigh both the possibility of upside (toward $ 4,000 and beyond) and the risk of further consolidation or downside toward $ 3,000.
Swap ETH for $EV2 Token Presale
The EV2 Token Presale is now officially live, giving early entrants a chance to acquire $EV2 tokens before they list publicly. Investors can participate in the presale using Ethereum (ETH), Bitcoin, USDT, BNB, Solana, or a credit card. This mix makes the process accessible to both crypto natives and newcomers who may not yet hold digital assets.
Earth Version 2 (EV2) centers on combat-style gameplay, where players fight to save the Earth from relentless interdimensional alien infestation. In-game, players can earn, trade, or spend digital assets. The $EV2 presale offers participants early access to unique combat items, including suits, early battle passes, and exclusive missions.
The EV2 token presale is also not like any other Web3 project token presale. Instead, the tokens have a distinguished purpose. EV2 tokens are directly linked to the development of the Earth Version 2 game and its community infrastructure, providing real utility.
As of this writing, 1.140 billion EV2 tokens are still up for grabs. Each token is priced at $0.01 and can be purchased directly via the official Earth Version 2 website.
What’s Next for Ethereum?
The next step for Ethereum will be determined by its ability to break past the resistance zone around the $3,600 mark. An impulsive move past this region may give way to $3,900 or even a reclaim of $4,000. Failure to surge past this level may lead to a relapse to the $3,200 region.
As investors await the next leg of the ETH price, the $EV2 presale serves as a gateway to a promising web3 gaming project that demonstrates how early, community-driven ecosystems can outperform simple token speculation.
EV2 Token Presale
Website: https://ev2.funtico.com/
Telegram: https://t.me/EV2_Official
Twitter/X: https://x.com/EV2_Official
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