$1,500 Support Holds for Now, but the Bearish Trend Remains Intact

Summary:

Ethereum has managed to defend the key psychological support at $1,500, but the overall technical outlook remains weak. The moving average structure continues to signal a bearish trend, with no convincing signs of a trend reversal. In the absence of sustained capital inflows and improving market sentiment, Ethereum remains vulnerable to further downside, with traders closely watching support around $1,383.

SELL ETH-USDT

EXP

PENDING

1691.00

Entry Price

685.00

2000.00

1635.15 +25.50 +1.58%

Pips

PENDING

685.00

Exit Price

1691.00

Entry Price

2000.00

Fundamentals

Sentiment across the cryptocurrency market remains cautious. Expectations that the Federal Reserve will maintain a restrictive monetary policy, combined with only modest improvements in global liquidity, continue to weigh on risk assets, including Ethereum. Although the long-term development of the Ethereum ecosystem remains intact and institutional confidence has not fundamentally changed, the market currently lacks sufficient bullish catalysts to drive a sustained recovery.

At the same time, on-chain activity has remained relatively stable, but trading volumes have yet to show meaningful expansion. ETF-related inflows and institutional demand have also failed to provide significant support. Until macroeconomic conditions improve, investors are likely to remain defensive, limiting Ethereum's upside potential.

From a market sentiment perspective, participants are primarily focused on whether key support levels can hold rather than aggressively buying into rallies. As a result, short-term price action is expected to remain heavily influenced by macroeconomic developments and overall risk appetite.

$1,500 Support Holds for Now, but the Bearish Trend Remains Intact_1

Technical Analysis

Ethereum traded at $1,586 on Wednesday, successfully defending the important psychological support at $1,500. Nevertheless, the broader technical structure remains decisively bearish.

On the daily chart, the price continues to trade well below the 50-day, 100-day, and 200-day moving averages, which are clustered between approximately $1,816 and $2,285. This classic bearish alignment suggests that the medium- and long-term downtrend remains firmly in place.

Momentum indicators continue to reflect underlying weakness. The Relative Strength Index (RSI) remains near 33, indicating persistent downside pressure without yet reaching deeply oversold territory. Meanwhile, the MACD has turned slightly positive, suggesting that bearish momentum is easing rather than signaling the start of a meaningful bullish reversal.

On the upside, the first resistance is located near the 50-day moving average at $1,815. Additional resistance is found around the 100-day moving average near $1,995, together with the psychological $2,000 level, forming a significant supply zone. A successful breakout above this region could open the way toward the 200-day moving average near $2,286, although such a move would likely require stronger fundamental support.

On the downside, the next major support is located around $1,383. Should Ethereum lose the $1,500 level, prices are likely to test this support area. A decisive break below $1,383 could trigger another wave of selling pressure and extend the current downtrend.

Overall, while Ethereum has temporarily defended the $1,500 level, its broader technical structure remains bearish. Until the price can reclaim $1,815 and break convincingly above the key resistance around $2,000, the market is expected to remain cautious, with a weak and range-bound bias prevailing in the near term.

Trading Recommendation

Direction: Sell

Entry Price: 1,691

Target Price: 685

Stop Loss: 2,000

Valid Until: July 30, 2026, 23:55

Support Levels: 1,512 / 1,386 / 1,236

Resistance Levels: 1,638 / 1,721 / 1,850

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