Ethereum price has started to show the first signs of recovery after the recent fluctuation. Although the volatility in the market has not completely ended, the improvement in momentum indicators indicates that purchasing interest is gradually returning. On the other hand, ETH has continued to move in a horizontal band for a long time in the wider time frame.
The price is back to the same areas
According to the data in the news, Ethereum is traded at $ 1,726.01 at the time of writing. The asset’s 24-hour trading volume is $8.22 billion and its market value is $208.20 billion. The 2.18 percent increase recorded in the last 24 hours shows that buyers have become visible again after the recent selling pressure.
Crypto analyst Ali Martinez stated in his assessment dated June 20, 2026 that the Ethereum price was close to the levels seen in March 2021. This chart more clearly reveals the extent of the long-running horizontal movement in the current cycle.
According to Ali Martinez’s assessment, Ethereum is trading close to the price zone seen in March 2021; This indicates that the asset has produced limited net returns for a long time, despite the sharp rises and falls in the past years.
In the same context, it is noteworthy that an investment of $10,000 made five years ago remains at approximately the same value today. Although the ETH price experienced sharp increases and sharp corrections during this period, it could not make a significant net progress compared to the starting point in question.
Critical support and resistance zones
Among the structural levels highlighted in the analysis, $ 1,060 is shown as the first threshold that attracts attention. This zone can be viewed as an important support area for Ethereum if it is retested in the long term. If the price remains above this structure, it may keep alive the expectation of a broader bottom formation.
It is stated that in positive market conditions, the next targets may be $ 2,850 and then $ 4,630. However, these levels are not considered as a definitive result, but as possible areas that may come to the fore if the technical outlook is maintained.
Technical outlook strengthens in the short term
In the short-term outlook, it is reported that Ethereum is trying to stabilize around $ 1,723.90. The price’s return above the middle Bollinger Band level at $1,722.56 indicates that the search for balance against the recent selling pressure continues. The upper band is at $1,916.95 and the lower band is at $1,528.17.
Momentum indicators also point to a limited recovery. While the MACD value is at minus 74.46, the signal line is given as minus 95.84. The fact that the histogram rises above zero to 21.37 is interpreted as a weakening of the downward pressure.
This technical chart suggests that buyers have gained some space in the short term. However, the current outlook is associated with the easing of pressure and the price seeking balance rather than a strong and permanent rise.
