Ethereum surged 4.7% in a single trading session, reclaiming the $1,750 area. All eyes are now on $1,779, a level that overlaps with the Ichimoku Kijun line, the 20-day moving average at $1,775, and the 50-day moving average at $1,756. A clean break above this technical cluster could fuel short-term bullish momentum.
The $1,753 region is also under the microscope, having previously acted as strong support. For buyers, holding above $1,750 turns the recent pullback into a potential failed breakdown rather than a lasting reversal.
Analyst Ted: Hold $1,750, target $1,850–$1,900
Analyst Ted noted that as long as Ethereum stays above $1,750, the next move could target the $1,850–$1,900 range. Still, the broader picture remains uncertain — ETH is trading below former key supports at $1,925, $2,175, and $2,375, which could act as resistance during any rally.
Indicators diverge; CCI and Bull Bear Power show sellers still present
Not all signals align. The MACD points to rising buying pressure, but the RSI at ~55 has not decisively entered bullish territory. Meanwhile, both the CCI and Bull Bear Power indicators suggest sellers have not fully withdrawn. That makes $1,779 a pivotal threshold — a break above could trigger fresh demand and short covering, while failure could keep price oscillating between $1,633 and $1,814.
Whale accumulation and ETF flows provide support
On-chain data shows large Ethereum holders accumulated at June's lower prices, fueling cautious optimism. At the same time, Binance withdrawals hit a three-year high. When exchange outflows coincide with whale buying, available supply shrinks — potentially amplifying any price rebound if demand picks up.
U.S. spot ETF flows remain mixed. Interest has ticked up recently, but June saw net outflows, indicating that institutional demand has not yet stabilized. This divergence makes it harder for the market to form a clear long-term direction.
Network activity remains weak, capping bullish conviction
Ethereum's active address count has dropped sharply from its highs earlier this year, keeping fundamental momentum in question. Despite renewed institutional interest, the lackluster on-chain activity prevents a strong unified bullish outlook.
For now, ETH is likely to trade between $1,633 and $1,814. A breakout above $1,779 could open the door to $1,850–$1,900; losing $1,633 would shift focus to deeper supports near $1,500 and then $1,200.