Ethereum (ETH) Price Prediction: ETH Slips Towards $1,746 as Bulls Eye $1,800 Breakout and OBV Confirmation

Ethereum is currently trading around $1,746 following a mild pullback over the past 24 hours. The asset has slipped roughly 1.56% during that period, with daily trading volume hovering near $9.89 billion. Earlier in the session, ETH briefly moved above the $1,780 level before losing momentum and retreating, leaving it positioned just below a key short-term resistance zone.

Ethereum Struggles Below $1,800 Resistance Again

The first major issue for ETH right now is that the market keeps running into resistance just below or around the $1,800 level. The chart shared by Mizer shows Ethereum pushing into an important resistance band several times but failing to break cleanly through it.

 

Ethereum faces repeated rejection near $1,800 as bulls look for a clean breakout. Source: Mizer via X

That matters because repeated rejection in the same area usually tells traders that sellers are still active there. For now, the $1,780 to $1,800 region remains the first level bulls need to reclaim. If ETH can break above it and hold, the next move could open towards the higher resistance area around $1,850 and then $1,900.

Bitfinex Longs Suggest Capital Flow Towards ETH

One of the more interesting signals comes from cyclop, who pointed out that capital continues flowing into Ethereum longs on Bitfinex. The chart shows ETH long exposure jumping sharply and then holding near elevated levels around the 90,000 mark.

 

Bitfinex ETH longs remain elevated, showing continued bullish positioning despite recent price chop. Source: cyclop via X

This does not guarantee an immediate rally, but it does show that larger participants are still willing to maintain bullish positioning despite the recent chop. For bulls, this is constructive. As long as those long positions remain firm and ETH avoids losing nearby support, the market can keep pressing for another breakout attempt above resistance.

OBV Breakout Could Be the Main Confirmation

IncomeSharks highlighted on-balance volume as a key indicator to watch. The chart suggests that Ethereum’s setup could strengthen if the OBV trendline breaks upward.

This is important because OBV reflects whether buying pressure is backing the price move. While price can rise on its own, a simultaneous breakout in OBV often signals stronger participation from buyers.

At this stage, ETH still requires confirmation beyond short-term price action. A clear move above the OBV trendline would reinforce the likelihood of a sustained push through the $1,800 level.

 

Ethereum’s OBV trendline breakout could confirm stronger buyer participation. Source: IncomeSharks via X

Double Bottom Setup Targets $2,500 by September

Poseidon’s chart presents one of the stronger bullish interpretations. In that view, Ethereum is forming a double bottom under $1,800, and if that structure continues to hold, it could become the base for a much larger move higher.

The chart points to a possible path towards $2,500 before September, which is an aggressive upside target compared to the current price. That target is obviously not the immediate next move, but the idea behind it is important: if ETH confirms the double bottom and clears resistance, the higher-timeframe structure could shift much more bullish.

For now, the main takeaway is that the market still needs confirmation. The double bottom idea remains valid only if Ethereum continues holding above the recent lows and eventually forces a breakout above the neckline area.

 

Ethereum’s double bottom setup keeps a $2,500 upside target in focus. Source: Poseidon via X

Contrary: Higher Timeframe Charts Still Show Better Buy Zones Below

Not every analyst is chasing current price. Eliz shared a higher-timeframe chart showing that while ETH has bounced well from the lows, the cleaner bid zones still sit lower on the chart around $1,480-$1,380. That view suggests patience may still be useful for some traders. Instead of buying directly into resistance, the idea is to either wait for a confirmed breakout above the current ceiling at $2,000 or wait for the price to rotate back into stronger demand zones.

 

Ethereum’s higher-timeframe chart shows stronger buy zones still sitting below current price. Source: Eliz via X

This helps frame the market clearly. Ethereum is not in a breakdown right now, but it is also not fully free above resistance. It is sitting in a transition area where confirmation matters more than anticipation.

Key Ethereum Price Levels

Ethereum is now trading between a clear support base and a well-defined resistance ceiling. Those levels should shape the next move.

Important ETH levels now are:

• $1,780 to $1,800: key resistance zone bulls need to break
• $1,850: next upside level if breakout confirms
• $1,900: stronger resistance above the immediate breakout area
• $1,700 to $1,680: first support zone if price weakens again
• $1,600: broader support area if the pullback deepens
• $2,500: higher upside target from the double bottom scenario

If ETH reclaims $1,800 and volume starts supporting the move, the path towards $1,850 and $1,900 becomes much cleaner. If it loses $1,700, then the market may slide back into a broader range and revisit deeper support before any recovery attempt resumes.

Final Thoughts: Can Ethereum Reclaim $1,800 and Turn the Structure Bullish?

Ethereum is still sitting at an important decision point. Price has pulled back towards $1,746, but the broader setup has not completely broken down. Bitfinex longs remain elevated, the double bottom idea is still alive, and traders are watching for OBV confirmation to strengthen the bullish case.

 

Ethereum (ETH) is trading at around $1,746, down 1.56% in the last 24 hours. Source: Brave New Coin

The short-term picture is straightforward. Bulls need to reclaim the $1,780 to $1,800 resistance zone and hold it. If they do, ETH could extend towards $1,850 and $1,900 first, with larger bullish projections opening up after that.

If not, Ethereum may stay stuck in a frustrating range or rotate lower toward stronger support before the next real breakout attempt begins. For now, the structure remains cautiously constructive, but only a clean move above $1,800 would turn that into a stronger bullish signal.