-
Ethereum has bounced back from recent lows and is now approaching a crucial resistance near $1800 that could shape its next major move.
-
Selling pressure remains relatively muted, but bulls will need stronger demand to turn the current recovery into a sustained rally.
The Ethereum (ETH) price has bounced back strongly after finding support near $1,550, bringing the token to a crucial resistance around $1,800. The recovery has improved market sentiment, but buyers now face a key hurdle that has previously triggered selling pressure. At the same time, on-chain data suggests investors are not rushing to offload their holdings, leaving the door open for a potential breakout if buying momentum continues to build.
Ethereum Price Approaches Key Resistance as Bulls Attempt to Extend the Recovery
Ethereum has rebounded sharply from the $1,550 support zone and is now trading just below a crucial resistance between $1,780 and $1,800. The price has repeatedly tested this range but has failed to break it, making it the biggest obstacle. However, the latest bounce has changed the short-term outlook to some extent, as the buyers are regaining control after defending lower levels.
Ethereum is still trading below the Ichimoku Cloud, suggesting the broader trend has yet to turn decisively bullish. However, the levels are heading for a bullish crossover, highlighting the bullish prospects. Meanwhile, RSI surged to the average range and has displayed a bearish divergence, indicating growing buying interest, but the market is not overheated yet. For Ethereum to break convincingly above $1,800, buyers will likely need to step in with stronger conviction. Until then, the possibility of another rejection cannot be ruled out.
Ethereum On-Chain Data Shows Selling Pressure Remains Limited
On-chain data suggests investors are still holding onto their ETH despite the recent recovery. Exchange reserves dropped from nearly 15.9 million ETH in early June to around 15.4 million ETH, before stabilizing over the past few weeks. The absence of a sharp rise in reserves indicates that investors are not moving large amounts of ETH back to exchanges for sale.
A similar trend is visible in exchange net flows. The latest reading stands at -8.1K ETH, meaning more tokens left exchanges than entered them. Although the outflows are much smaller than the -250K ETH recorded in early June, the continued negative net flow suggests sell-side pressure remains subdued.
Together, these metrics indicate that Ethereum’s struggle near the $1,800 resistance is being driven more by technical barriers than by aggressive profit-taking. A sustained increase in exchange reserves or positive net flows would be an early sign that selling pressure is beginning to build.
What’s Next for Ethereum Price?
Ethereum has reached a decisive point after recovering from its recent lows. While improving momentum has brought ETH back to the $1,800 resistance, bulls still need to overcome a zone that has repeatedly rejected previous rallies. A daily close above $1,800, supported by stronger buying volume, could confirm a breakout and pave the way for a move toward the $1,900 psychological level, with $2,000 emerging as the next major upside target.
On the other hand, another rejection at resistance could see Ethereum revisit the $1,680 support area initially. If selling pressure intensifies, the price may extend its pullback toward the $1,550–$1,600 demand zone, where buyers stepped in during the previous decline.
For now, Ethereum’s short-term outlook remains constructive, but whether the recovery evolves into a sustained rally will largely depend on buyers absorbing the overhead supply and pushing the price above the $1,800 barrier.
