Ethereum Price Surges Over 2% to $3,039 with 132% Increase in Trading Volume
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- Price Rebound: Ethereum's price surged over 2% in the past 24 hours to $3,039, with trading volume skyrocketing by 132% to $18.3 billion, indicating strong market interest and a recovery in investor confidence.
- Policy Impact: Despite the Bank of Japan raising its policy rate to a 30-year high of 0.75% during its December meeting and signaling potential further hikes, Ethereum managed to break the $3,000 level, demonstrating the resilience of the crypto market.
- Technical Analysis: Ethereum is currently trading near the $2,650 support level and approaching the 50-day SMA at $3,041, with a potential breakout that could push prices towards the key resistance level of $3,299, indicating bullish potential in the short term.
- ETF Dynamics: Over $32 million worth of Ethereum was sold by ETFs last week; however, the market still shows signs of rebound, suggesting that investors are seeking opportunities amid volatility.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
