The short-term outlook is back in the market’s focus as Ethereum struggles to hold on just above a critical support zone. Although the price has declined to a limited extent in the last 24 hours, some technical indicators indicate that the recent retreat has not disrupted the broader recovery structure for now.
The critical threshold is $1,750
Ethereum was trading at $1,747 at the time of writing. The asset’s 24-hour trading volume was 12.46 billion dollars and its market value was 211.25 billion dollars. While the daily loss was recorded as 1.10 percent, the price movement around $1,750 is seen as decisive in terms of short-term direction.
On July 6, 2026, cryptocurrency analyst Ali Martinez stated in his post on X that a new TD Sequential buy signal has formed on the Ethereum hourly chart. This indicator is among the technical analysis tools used to detect possible direction changes after short-term selling pressure. Ali Martinez is among the analysts known for sharing technical charts in the cryptocurrency market.
Mini dictionary: TD Sequential is a technical analysis indicator that aims to detect fatigue and possible turning points in price movement. Traders do not watch this tool alone, but often in combination with support, resistance and momentum indicators.
Ali Martinez stated that in order to maintain the current upward structure, the Ethereum price must remain above the $ 1,750 support area, and if this level is defended, an area can be opened towards $ 1,800.
Indicators point to buying pressure
Another striking element in the chart was that it remained above the middle line of the Bollinger Bands. While the middle band is at $1,673.08, the upper band is at $1,826.25 and the lower band is at $1,519.90. The fact that the price is above the middle band is considered to be one of the factors that show that buyers are relatively more active in the short term.
The MACD indicator also reveals a similar picture. The MACD line is at minus 15.01 and the signal line is at minus 45.38. This outlook may indicate an increase in purchasing power following the recovery. If this structure is maintained, the market may tend to retest the $1,826 region.
Why is Ethereum being watched closely?
Ethereum is the second largest cryptocurrency in terms of market value. Therefore, price movements in the asset can affect not only ETH investors but also the direction of the overall altcoin market.
The main scenario has not changed in the short term. A re-establishment of the price above $1,750 could keep the buy signal generated by TD Sequential valid and bring the $1,800 to $1,826 range back into focus. Conversely, a sustained slide below $1,750 could weaken the current optimistic outlook and lead to testing of lower support areas.
Price behavior over the next few trading periods will provide a clearer framework as to whether Ethereum’s recovery will continue.
