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Ethereum eyes $2,163 after breaking $1,842, but analyst urges caution until $2,000 is surpassed.

Technical Signals
19 Jul 2026
UToday
View Source
Neutral
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Ethereum has formed a double-bottom pattern with strong support near $1,510 and recently broke above the $1,842 neckline, targeting $2,163. However, analyst Aksel Kibar warns that the breakout may be local and advises waiting for a confirmed move above the psychological $2,000 level before buying. If Ethereum holds above $1,842 and breaks $2,000, it could continue upward; if not, the breakout might fail, leading to a price drop. Kibar prefers to see sustained strength before entering, highlighting the risk of a prolonged sideways market if bought too early.

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