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Ethereum faces sell signal risk, may drop toward $1,700-$1,505 after testing resistance.

Technical Signals
12 Jul 2026
Coinpaper
View Source
Bearish
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Ethereum is currently testing resistance at the top of its price channel while a TD Sequential sell signal warns of weakening momentum. This combination raises the risk of a short-term pullback, with key support levels at $1,770, $1,700, and potentially $1,505 if the price fails to hold. Although a breakout above the channel could invalidate the bearish outlook, the broader corrective structure suggests the recent rally might be a liquidity trap before a further decline. Investors should watch for confirmation of the sell signal and key price reactions to gauge the next move.

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