Ethereum breaks through resistance and surpasses Bitcoin on the futures market

The crypto market is making strong moves today, with Ethereum standing out as the clear leader. Ethereum’s price has skyrocketed, breaking through a key price level. After a strong consolidation phase around $2,400, the engine now seems to be running at full speed.

Ethereum is targeting the next resistance zones, even overtaking Bitcoin on the derivatives markets. According to Glassnode, Ethereum’s futures volume has now surpassed that of Bitcoin, something that rarely happens. As a result, many traders are suddenly shifting their focus toward Ethereum, even though BTC has broken its all-time high.

Ethereum holds key support

After the earlier dip around $2,400, Ethereum has bounced back strongly. In recent days, the price has repeatedly tested the resistance zone between $2,750 and $2,850. The chart clearly shows how often this area has been tested, indicating strong buying pressure.

Traders are visibly hunting for liquidity around the lower zones, after which the price moves up strongly. There is a solid foundation around $2,400 where buyers keep stepping in. As long as this zone holds, the likelihood of further increases remains high.

Ethereum surpasses Bitcoin on the futures market

While Bitcoin hits a new all-time high of $112,000 today, Ethereum steals the spotlight on the derivatives market. Ethereum’s 24-hour futures volume has risen to $62.1 billion, just above Bitcoin, which stands at $61.7 billion.

This rare switch at the top may signal a shift in the market. Traders now seem to be massively focusing on Ethereum, thanks in part to upcoming updates and potential fundamental catalysts.

Analyst Michaël van de Poppe also sees opportunities for Ethereum. He notes that the area around $2,400 remains crucial and expects a rise toward the key $3,000 level after a brief correction. He shares his analysis on X via the following post:

There we go for $ETH.

$2,400 has held as support and it started to run upwards.

Expecting to see a slight pullback before we'll see $3,000. pic.twitter.com/w3jIUQgTff

— Michaël van de Poppe (@CryptoMichNL) July 10, 2025

Traders hold their breath

Ethereum’s funding rate is slightly negative, which may suggest a predominantly bearish sentiment among futures traders. However, the bulls are still in control of the price pattern, and with liquidations rising to $82.4 million, there could still be plenty of fireworks ahead.

The coming days will be crucial for Ethereum, especially as it continues to test resistance zones while Bitcoin ventures into uncharted territory.