Ethereum price looks like it might be rebounding following its ability to stay above a critical support level, and a popular technical analysis tool has just issued a new buying alert. Even though the ETH has weakened slightly over the last 24 hours, some experts think that it has the potential to go higher from here.
At the time of writing, ETH is trading at $1,747, with a 24-hour trading volume of approximately $12.46 billion and a market capitalization of around $211.25 billion. The ETH is down about 1.10% over the last 24 hours, but technical indicators suggest the recent pullback has not yet weakened the broader recovery.
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Ethereum Price Gets Bullish Buy Signal
On July 6, 2026, Ali Martinez, a popular crypto analyst, revealed on X that Ethereum had formed a new hourly TD Sequential buy setup, a technical pattern commonly employed for recognizing a possible reversal in the aftermath of short-term sell-off pressure.
As per Martinez, the Ethereum price needs to be above the support area at $1,750 to maintain the bull formation. In case ETH manages to sustain above this level, the digital coin can rise to $1,800 in the coming period. But any breach below the $1,750 level will render the current pattern useless.
TD Sequential has become quite popular in recent years due to its past success in signaling key points of change in both cryptocurrency and stock markets. Though no indicator can accurately predict future price action, some investors keep track of these signals among others.
Ethereum Technical Indicators Support Recovery
The Ethereum chart is also displaying some other indications of growing buying pressure.
The current Ethereum price is $1,747 and is above the middle line of the Bollinger Bands, which stands at $1,673.08, reflecting dominance by the buyers. Resistance is seen at the upper band price of $1,826.25, while support is seen at the lower band price of $1,519.90. The asset is currently oscillating above the middle line of the Bollinger Bands.
MACD is giving out a bull signal with the MACD line of -15.01 being higher than the signal line of -45.38. This is an indication that the buying force is gaining strength after the recovery. If this continues, the Ethereum price may attempt to test $1,826 resistance.
Collectively, these points indicate that the recovery is still ongoing, but it will take confirmation that the buyers can manage to keep the price above support levels.
Ethereum Price Tests Crucial $1,750 Level
The current price level zone is becoming one of the most significant zones for the Ethereum price in the near term.
Resistance levels can serve as places where there is an increase in buying interest following a decline. Provided that Ethereum manages to sustain itself above $1,750, then there will be improved confidence among investors, which would allow for a rally towards $1,800.
The drop below this level will indicate that bullishness might not be there anymore, and could go to some more levels of support before testing for an advance again.
ETH is the second-largest cryptocurrency on the market by market capitalization. Thus, any movements in its price usually determine the dynamics of the entire altcoin market.
Can Ethereum Break Above $1,800 Next?
The coming several trading periods will play a crucial role in establishing whether the recovery will continue for Ethereum.
Breaking above the $1,750 level will ensure that the recent TD Sequential buy signal is not invalidated, which can lead to a chance to challenge the $1,800-$1,826 resistance area. A clear break higher will attract more buyers into the market.
Losing the $1,750 level of support, on the other hand, will lead to a reversal in the current bullish trend and make it possible for the market to fall back towards support levels. For the time being, the Ethereum price is in a position that is crucial for its recovery from a technical point of view.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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