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Ethereum nears $1,800 with signs of recovery but faces resistance and selling pressure.

Technical Signals
11 Jul 2026
Blockonomi
View Source
Bullish
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Ethereum's price rose 3.09% to $1,794, showing potential for further gains toward $1,850-$1,900 if it holds above the $1,750 support level. Futures open interest increased, indicating growing market confidence, while on-chain data suggests deep accumulation, historically a bullish sign. However, challenges remain from large holder selling and a recent $52 million ETF withdrawal, which could limit upward momentum. Analysts see a tactical bottom forming near $1,690 and note that surpassing $1,800 could open the way to $2,200, but exchange inflows and geopolitical tensions add uncertainty.

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