Ethereum is currently testing a critical technical resistance level at $1,800 after rebounding from its June lows. The price is challenging a long-standing descending trendline, showing stronger momentum compared to other major cryptocurrencies. As of July 12, ETH is trading at $1,797 with indicators signaling overbought conditions. Bulls require a high-volume close above $1,853 within 48 hours to prevent a potential slide back to the $1,751 support level.
Ethereum enters a consolidation phase as upward momentum fades near a critical resistance cluster ranging from $1,865 to $1,887.
Read the full storyEthereum trades at $1,797 as bulls eye a breakout above $1,853 to avoid a technical correction toward the $1,751 support level.
The second-largest digital asset faces a critical test of a descending trendline following a recovery from June lows of $1,500.