What to know:
- Ethereum (ETH) price shows a hidden bearish divergence, signaling weakening buying momentum despite holding above key support.
- A breakout above $1,840 could revive bullish momentum, while a drop below $1,677 may trigger further downside toward $1,515.
- The next few trading sessions could determine whether the Ethereum price resumes its recovery or enters a deeper correction.
Ethereum price appears to be weakening again, having seen a recent attempt at a rally, with an apparent bearish divergence forming. Although the Ethereum price remains above an important level of support, the indicators reveal that there is less upward pressure in the market, and the coming action will be determined by which side wins out.
At the time of writing, ETH is trading at $1,714.17, with a 24-hour trading volume of $13.12 billion and a market capitalization of $208.21 billion. The asset has declined 4.33% over the last 24 hours, and the latest technical signals suggest buyers may face another challenge before ETH can continue higher.
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Ethereum Price Rebound Faces Bearish Warning
On July 8, 2026, a crypto analyst, BATMAN, published his new technical analysis, which indicates that there is a hidden bearish divergence in the case of Ethereum.
What distinguishes a hidden bearish divergence from a classic one is that in the case of a hidden bearish divergence, the price does not reach its highest level, although the indicator reaches its highest level. As we can understand, in the case of a hidden bearish divergence, buying pressure weakens.
According to the BATMAN, this structure does not ensure a direct fall in the market. Nonetheless, it raises the probability that the ETH/USD price may face difficulties in continuing its rebound momentum.
Ethereum Price Holds Above Important Support
Ethereum is currently trading around $1,714.17. According to the Bollinger Bands indicators, the value of the upper band is $1,839.76, that of the middle band is $1,677.38, and the lower band is $1,515.01. Ethereum has retreated after nearing the upper band lately, but the price is still above the middle band.
Moreover, the MACD is still in the positive zone, where the MACD line is at -4.01, the signal line stands at -30.17, while the histogram is at 26.16. As seen from the green bars on the histogram, the upward momentum persists, but the bars have started contracting, indicating that purchasing power is declining.
Ethereum Price Signals Possible Reversal
Ethereum is the second biggest cryptocurrency in terms of market cap and drives a huge chunk of DeFi applications, tokenization, NFTs, and blockchain solutions. As a result of that, fluctuations in the Ethereum price have an effect on the overall crypto industry.
Technological signals like bearish divergence are important because they may signal the start of the reversal of the trend currently being observed. Despite the fact that they do not indicate what will happen in the future, they assist investors in detecting regions of potential increased buying or selling pressure.
Ethereum Price Awaits Next Move
The coming trading sessions can be significant for Ethereum. Should the buying interest take control and drive the Ethereum price above the level of $1,840 resistance, then this current drop might turn out to be only temporary and be followed by further gains.
On the other hand, should the selling interest persist and send ETH below the middle Bollinger Band of $1,677, then focus may turn to the support at $1,515.
At the moment, Ethereum remains trading above an important technical support zone, although the future for the cryptocurrency could depend upon buying interest during the next few days.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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