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Ethereum dips near $1,877, eyes key $1,745 support amid $36M sell wall below $2,000

Technical Signals
29 Jul 2026
Blockonomi
View Source
Neutral
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Ethereum (ETH) price fell nearly 4% to around $1,877, testing a critical support level at $1,745 that traders view as a line between a mild pullback and a deeper decline. A significant $36 million sell wall between $1,975 and $2,000 is limiting upward momentum, with a daily close above $2,000 potentially opening the path to $2,150. Analyst Trader Symba sees a bullish target between $2,425 and $2,470 if ETH holds above $1,745, while others warn of a possible bull trap and a downside risk to $900-$1,400 if support breaks. Meanwhile, a large whale added $14.6 million in ETH, raising its holdings to $37 million, signaling continued institutional interest amid market uncertainty.

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