The Ethereum (ETH) price has returned strongly after finding support near $1,550, bringing the indicator to the necessary resistance around $1,800. The recovery has changed the market sentiment, but buyers are now facing a major problem that has already caused the sell-off. At the same time, the on-chain data shows that investors are not in a rush to unload their holdings, leaving the door open to a possible liquidation if the buying continues to grow.
Ethereum Price Approaches Major Resistance as Bulls Attempt to Extend Recovery
Ethereum has increased significantly from the $1,550 support area and is now trading below the critical resistance between $1,780 and $1,800. The tree has repeatedly tried this but has failed to break through, making it a major obstacle. However, the recent breakout has changed the short-term outlook, as buyers are regaining control after protecting the lower shares.
Ethereum is still trading under the Ichimoku Cloud, indicating that the circulation has not changed. However, the levels are moving towards the competition, highlighting the prospects for growth. Meanwhile, the RSI has risen to the intermediate level and has shown a bearish divergence, which indicates buying interest, but the market is still not overheated. For Ethereum to definitely break above $1,800, buyers may need to intervene with strong determination. Until then, the possibility of further rejection cannot be ruled out.
Opinions of the company Ethereum On-Chain Data Limited
On-chain data shows that investors are still holding on to their ETH despite the recent recovery. Exchange reserves fell from around 15.9 million ETH in early June to around 15.4 million ETH, before leveling off in the past few weeks. The lack of a significant increase in reserves indicates that investors are not moving more ETH to stock exchanges.
A similar trend can be seen in web exchanges. The current reading stands at -8.1K ETH, meaning that more tokens were left than entered. Although the outflow is much lower than the -250K ETH recorded at the beginning of June, the continuation of the stable network indicates that the transaction volume remains low.
Together, these metrics suggest that Ethereum’s struggle near $1,800 resistance is driven more by technical constraints than aggressive profit-taking. A steady increase in exchange rates or a positive output may be an early sign that strong sales have begun to develop.
What’s Next for the Ethereum Price?
Ethereum has reached a new high after recovering from its recent decline. Although the rapid rise has brought ETH back to the resistance of $1,800, the bulls still need to overcome the area that has repeatedly rejected previous rallies. A daily close above $1,800, supported by strong buying, could confirm a breakout and open the way to the $1,900 emotional level, with $2,000 emerging as the next major target.
On the other hand, further resistance in resistance could see Ethereum return to the $1,680 support area first. If the selling continues, the price could extend its recovery to the target area of $1,550–$1,600, where buyers entered during the initial decline.
At the moment, Ethereum’s short-term outlook remains encouraging, but whether the recovery turns into a sustained rally will depend heavily on buyers taking in additional funds and pushing the price above the $1,800 barrier.
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