Ethereum Price Faces Resistance as Analysts Eye Further Correction

The Ethereum price remains under pressure as it continues to trade within what analysts see as a larger correction. Despite its recovery from the June low, the chart has not yet given a clear signal that the longer-term trend has changed.

A recent market update from More Crypto Online showed that the latest move higher has not changed the bigger picture. The analysis indicated that the rebound still looks corrective rather than the start of a new uptrend, with Ethereum having already completed the first leg of a larger decline.

The chart is currently testing its first major resistance area at $1,815, and unless buyers push the market above this zone, the outlook points to another move lower later in July or August. Several support levels are also being watched, including $1,550, $1,400, $1,060, and $900.

In contrast, Crypto analyst Michaël van de Poppe believes recent price action is showing better strength, with Ethereum building momentum and the wider decentralized finance market potentially benefiting if that continues. However, both analysts agree that the next move will depend on how the market reacts around the current resistance zone.