Ethereum: Will This Rally Break Resistance?

AI-generated source summary

Ethereum (ETHUSDT) is currently in a bearish trend. The analysis suggests that ETH has completed a three-wave move up, indicated as wave 2, and is now expected to enter the third wave of a larger downtrend. The price is currently testing a resistance area defined by a downward trendline and Fibonacci levels. The key resistance zone is identified between 2,045.47 and 2,226.83. The analysis suggests that if ETH fails to break above 2,045.47 and continues to reject from this resistance zone, it will likely initiate a significant downward move, targeting the 1,550.0 level. A break below the support level around 1,393.88 would further confirm this bearish outlook. The shorter-term charts show a similar pattern with a potential pullback to test previous support levels before continuing the expected downward trajectory.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   24 Jul 2026, 01:24 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   24 Jul 2026, 02:29 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   24 Jul 2026, 02:29 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   24 Jul 2026, 02:29 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. Source processing completed

   24 Jul 2026, 02:29 UTC

   Source analysis and structured extraction completed.

6. First prediction resolved

   28 Jul 2026, 01:32 UTC

   The first evaluable outcome in this case reached a terminal result.

7. Case evaluation completed

   28 Jul 2026, 01:32 UTC

   All evaluable predictions in this case reached terminal outcomes.