# Ethereum Technical Analysis Report – July 21, 2026 Technical analysis and insights on ETH/USDT in the daily timeframe. - **Source:** [ZebPay](https://brifing.si/source/f3e01afd-0d28-4fae-ab06-e9a6d7290032) - **Published:** 2026-07-21 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/375f8409-fad4-4dc6-aec8-2c881489ff99 ## Market 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. ## Technical 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. ## Momentum 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. ## Near-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. ## Support 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. ## Overall 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. ## Sources covering this story - https://zebpay.com/blog/ethereum-technical-analysis-report-21st-july-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._