Ethereum is changing hands at $1,746, and the $1,780 to $1,800 range is still acting as the main ceiling. Analyst Mizer said ETH has tested that resistance area several times without holding a breakout, a sign that sellers are still active there. If buyers can push price through $1,800 and keep it there, the next levels in focus are $1,850 and $1,900.
Bitfinex longs remain near 90,000
Market observer cyclop said open Ethereum long positions on Bitfinex have climbed to around 90,000 and stayed elevated even while price action has been uneven. That points to larger traders maintaining bullish exposure instead of stepping back during volatility. The source also notes that Bitfinex is widely followed because of its deep liquidity and strong presence of institutional and professional traders.
OBV is the key technical signal
Technical analyst IncomeSharks highlighted on-balance volume, or OBV, as a critical indicator for Ethereum’s next major move. OBV tracks cumulative volume flows to measure buying and selling pressure. A clean breakout in the OBV trendline would suggest stronger buyer participation, and that could line up with a move through $1,800. Until that happens, traders are still looking for confirmation from both price and volume.
Double bottom thesis puts $2,500 on the table
Chartist Poseidon outlined a scenario in which Ethereum is forming a double bottom just below $1,800. If that structure holds and ETH clears resistance, the setup could support a much larger rally, with a potential target of $2,500 by September. Still, that view depends on recent lows staying intact and the breakout above the neckline coming through clearly. For now, the pattern remains unconfirmed.
Some traders still prefer lower entries
Not everyone is chasing current levels. Contrarian trader Eliz said better entry zones may still sit lower on the chart, especially in the $1,480 to $1,380 area. Another option, according to that view, is to wait for a confirmed move above $2,000 before adding exposure. That leaves Ethereum in a market phase where conviction is split and confirmation matters more than anticipation.
Support and resistance levels are well defined
The trading map is fairly clear. The main resistance remains $1,780 to $1,800, with $1,850 and $1,900 as the next upside markers if a breakout succeeds. On the downside, initial support sits at $1,700 to $1,680, while $1,600 is the broader protection level if weakness deepens. If Ethereum fails to reclaim resistance and volume does not improve, price may continue to move sideways or revisit lower support before the next larger move.