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Ethereum nears key breakout point; $4,900 target in sight with potential for $8,300-$10,000 gains.

Technical Signals
19 Jul 2026
Coinpaper
View Source
Bullish
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Ethereum is currently trading within a long-term triangle pattern, holding a critical Fibonacci support level near $1,843. A confirmed breakout above the descending resistance line could push ETH back toward $4,865-$4,900, with higher targets of $8,300 to $10,000 possible if momentum continues. However, if Ethereum falls below the long-term support line, this bullish scenario would be invalidated, increasing the risk of a deeper correction. Investors should watch for a sustained move above $1,843 and subsequent resistance levels near $2,400-$2,900 to confirm a stronger upward trend.

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