Ethereum Technical Analysis Report – July 21, 2026
Technical analysis and insights on ETH/USDT in the daily timeframe.
1Market Overview
Ethereum strengthened its technical structure last week by breaking above the $1,850 resistance level, which had capped price action throughout July. The breakout and successful retest shifted the short-term bias in favor of the bulls.
2Technical Analysis Details
The breakout above $1,850 invalidated the previous consolidation range and established a new higher high. Ethereum retested the former resistance as support, and buyers stepped back in. This breakout-retest sequence is considered a strong continuation signal.
3Momentum and Trend
The daily structure shows higher highs and higher lows, confirming the short-term bullish trend. Momentum has improved, with no signs of aggressive selling pressure or bearish reversal patterns on the daily chart. The price is now approaching the $2,000 psychological resistance.
4Near-Term Scenarios
If Ethereum sustains above $1,850 and buying volume increases near $2,000, a breakout above this level could extend the rally to $2,150–$2,200. However, if buyers struggle to clear $2,000, the market may consolidate between $1,850 and $2,000.
5Support and Resistance Levels
Key support levels are $1,750 and $1,850, while key resistance levels are $2,000 and $2,200. A close below $1,850 could trigger a corrective move toward the $1,750 support zone.
6Overall Assessment
Ethereum confirmed a bullish breakout from last week’s consolidation range, converting $1,850 from resistance to support. The overall market structure remains positive, with momentum favoring buyers. While short-term consolidation is possible, the chart supports an upside breakout.
Original article: ZebPay — Ethereum Teknik Analiz Raporu – 21 Temmuz 2026