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Ethereum

Bearish

Archived analysis from Jul 24, 2026, 1:22 PM

ETH has shed ~62% from its August 2025 ATH of $4,953.73 and is now clinging to the $1,800–$1,870 consolidation band; a decisive break below $1,800 would open a path toward the $1,550 2026 cycle low, while recovery depends on sustained ETF inflows and reclaiming $2,000.

ETH is trading at $1,861.30, trapped below the key $1,900 psychological resistance and the 50-day MA at ~$1,950, with BTC correlating negatively (-1.2%) and failing to reclaim the $2,000 level that Polymarket consensus sees as a year-end floor.

Main Risk

Vitalik Buterin / Ethereum Foundation ETH sell pressure

Early 2026 saw heavy ETH selling by co-founder Vitalik Buterin, which weighed structurally on price and damaged retail confidence; any renewed foundation wallet outflows near current levels could trigger another leg lower toward $1,600.

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