Ethereum rose on Saturday, driven by increased buying appetite and improvement in technical indicators. While Ethereum, the second largest crypto asset in terms of market value, is signaling a recovery after the recent decline, investors are watching to see whether the price can overcome an important resistance zone in July.
The price approached the critical threshold
ETH traded at $1,786.41 at press time. While the increase in the last 24 hours was 3.19%, the daily transaction volume reached 15.08 billion dollars. The total market value of Ethereum was calculated at approximately 215.30 billion dollars.
In its assessment dated July 4, 2026, More Crypto Online stated that the Ethereum price is approaching the first major resistance level. The analyst stated that the medium and long-term outlook remains weak based on the market structure, but a remarkable second wave reaction may be seen in July.
More Crypto Online stated that Ethereum is approaching the first major resistance zone, that the pressure may continue in the medium and long term, but the possibility of a strong reaction rise in July remains on the table.
This evaluation indicates that there may be room for upward movement in the short term, while the depressed outlook is maintained in the broader framework. Similar price behaviors have occurred before in reaction purchases following sharp declines.
What do technical indicators say?
On the technical side, Bollinger Bands show ETH breaking above the middle band. The middle band is located around $1,676.03, while the upper band is at $1,836.77 and the lower band is at $1,515.30. If the price remains above the middle band, it may indicate that buyers are gaining strength; However, if the upper band is approached, the possibility of increased selling pressure remains on the agenda.
Mini dictionary: Bollinger Bands are a technical indicator used to monitor price volatility and possible support and resistance zones. MACD, on the other hand, tries to produce signals about direction changes by measuring the relationship between short and medium-term price momentum.
The MACD indicator also presented a picture indicating a transition to the positive zone. While the MACD line rose to minus 32.27, the signal line remained at minus 60.80. The histogram’s increase to 28.52 also indicated that the upward momentum was strengthening.
Movement may accelerate if resistance is overcome
If Ethereum maintains its current course, it is likely to test new short-term highs in the coming days. However, a few more trading sessions will be decisive in terms of whether the rise will continue or whether the price will face selling pressure again near the resistance zone.
It is considered that the recovery may find additional support if buyers overcome the resistance level with strong volume. Otherwise, it is possible that ETH will enter a horizontal compression period again. Although current indicators point to strengthening in the short term, resistance levels will need to be overcome permanently for confirmation of a larger-scale trend reversal.
