The second-largest cryptocurrency has staged a minor resurgence over the past week, while numerous analysts believe a much more substantial pump could be on the way.
Certain technical indicators support the bullish outlook and may indeed set the stage for a more meaningful recovery.
After the devastating June lows, the bulls clawed back some of the losses and even briefly pushed the price above $1,800 over the weekend. However, the bears offered strong resistance, and ETH currently trades at around $1,750 (per CoinGecko), representing a 1% increase for the past week.
According to X user Ted, such a level can be considered a good sign and shows that sellers no longer dominate. He believes that holding above the $1,750 support zone is crucial and could open the door to a rally towards $2,000.
Michael van de Poppe was even more optimistic, expecting the next breakout to push ETH to $2,500. For their part, AlΞx Wacy claimed that the asset needs to break above a certain descending trendline that has historically fueled 250% pumps in weeks. The analyst pointed out that this critical threshold sits at around $1,880.
Altcoin Sherpa gave their two cents, too. While noting ETH’s price decline over the last several months, the analyst described it as “pretty attractive” in the short term with potential to climb to around $2,500.
Ali Martinez also chipped in, vowing to open a long position in ETH if its price surpasses $1,850. It is important to note that his previous take on the asset was rather bearish, outlining that its TD Sequential indicator flashed a sell signal and that could be followed by a plunge to as low as $1,700.
ETH’s Relative Strength Index (RSI) reinforces the predominant optimism shared by the aforementioned analysts. The technical analysis tool, whose ratio runs from 0 to 100, has fallen to around 30, indicating that the asset has entered oversold territory and could be on the verge of a rally. Conversely, readings above 70 are interpreted as pre-pullback signals.
Next on the list is the declining amount of ETH stored on exchanges. Today (July 13), the figure dropped to a nearly ten-year low of around 15.3 million units. Fewer coins on centralized platforms usually result in reduced immediate selling pressure.
The post Top Ethereum (ETH) Price
小靓分析：
🦊 小靓解读
ETH 从 6 月低点反弹至 $1,750，技术面显示卖压减弱，$1,750 是关键支撑位，站稳后可能挑战 $2,000 关口。分析师 Ted 的乐观判断有数据支撑，但短期仍需警惕空头反扑。
📊 市场影响
若 ETH 能守住 $1,750 支撑，短期有望吸引多头资金入场，推动反弹至 $1,800-$1,900 区间。但若跌破此位，可能回测 $1,600 前低，加剧市场观望情绪。
💡 操作建议
建议关注 $1,750 支撑有效性，可在回调至 $1,700 附近轻仓试多，止损设于 $1,650。突破 $1,800 可加仓，目标 $2,000，但需控制仓位，避免追高。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。