Is the Ethereum rally a trap? Key levels to watch now

AI-generated source summary

The analysis focuses on Ethereum's price action against both USD and BTC, utilizing Elliott Wave theory. On the ETH/USD daily chart, the speaker identifies a potential ABC corrective structure, with waves 1 and 2 potentially complete and wave 3 unfolding. Key resistance levels are identified at $1,854, $1,936, and $2,045. The analysis suggests a target of $1,400 for the third wave, with a failure bound above $2,000. A more conservative view presents targets at $1,170 and $903, with a failure bound at $2,000. For ETH/BTC, the speaker observes a similar downward trend, interpreting the recent movements as part of a larger corrective structure. The analysis highlights key resistance levels at 0.03344, 0.03578, and 0.03902. The expected target for ETH/BTC is around 0.0211, with a failure bound above 0.03578. On a shorter timeframe (15m) for ETH/USD, the speaker notes that the price is holding above a support zone between $1,672 and $1,742, and approaching resistance levels, with a potential for a fifth wave to the upside. However, a break below the July low around $1,547 would signal a bearish continuation. The ETH/BTC chart suggests potential resistance around the yellow trendline, with a break below the July low at $1,547 indicating a continuation of the bearish trend.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   11 Jul 2026, 00:57 UTC

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2. Source recorded by Tahlil Plus

   11 Jul 2026, 01:47 UTC

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3. Market predictions extracted

   11 Jul 2026, 01:47 UTC

   2 eligible signals linked to this case.

4. Source processing completed

   11 Jul 2026, 01:47 UTC

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   11 Jul 2026, 01:47 UTC

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   01 Aug 2026, 04:11 UTC

   2 signals remain active.