Ethereum Price Recovery Hinges on Resistance Break

Ethereum's price has been recovering from earlier declines, currently trading at $1,799.52 after gaining 0.99% over the last 24 hours, according to data from CoinMarketCap.

This recovery is part of a larger corrective structure, as noted by crypto analyst More Crypto Online on July 11, 2026. According to their analysis, Ethereum's price is likely in an Elliott Wave correction, which could be followed by another decline in July or August if the price remains under certain resistance thresholds.

The critical resistance levels identified are $1,815, $1,926, $2,045, and $2,226. If ETH surpasses these points, bearish sentiment could be reversed, increasing the likelihood of a rally.

Short-term technical indicators confirm that buyers currently control the market, with Ethereum's price sitting above the mid-Bollinger band at $1,687.45. The Moving Average Convergence Divergence (MACD) indicator further supports the bullish outlook, with its line above the signal line and a positive histogram.