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Ethereum shows early breakout signs with targets at $5,000, $6,941, and potentially $12,000 if resistance clears.

Technical Signals
21 Jul 2026
Coinpaper
View Source
Bullish
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Ethereum is currently in its largest accumulation phase on record, holding within a multiyear ascending channel since 2022. Analysts see key price targets at $5,000, $6,941, and up to $12,000 if Ethereum can reclaim resistance levels and sustain a breakout above its descending trendline. The immediate challenge is to hold support near the channel's lower boundary and surpass resistance around $1,950–$2,150 to confirm the breakout. Failure to maintain these levels could weaken the bullish outlook, but a successful move could lead to a strong rally similar to previous cycles.

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