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Ethereum completes five-wave rally, eyes pullback to $1,700 before rising to $2,450

Technical Signals
24 Jul 2026
FXEmpire
View Source
Bullish
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Ethereum (ETH) recently completed a five-wave rally reaching $1,955, signaling a likely short-term pullback to around $1,700. This correction is expected before the next upward move toward approximately $2,450, provided ETH holds above the June low near $1,643. The analysis uses Elliott Wave Principle and technical indicators to support this outlook, highlighting a key support level that bulls must defend to sustain the rally.

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