Ethereum: Will This Rally Break Resistance?

AI-generated source summary

Ethereum is currently testing a significant resistance area defined for Q3, specifically for July. The analysis hinges on Elliott Wave structures, suggesting that if Ethereum holds below $2,260, it is likely in the third phase of a bear market, the C wave to the downside, which began in April. The wave one downside concluded at the June low, and a subsequent wave two to the upside has brought the price into this resistance zone. A rejection from this resistance area could signal the beginning of the third wave down. The target for this bearish move is projected to be around $1,500.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   24 Jul 2026, 17:30 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   24 Jul 2026, 18:14 UTC

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

3. Market predictions extracted

   24 Jul 2026, 18:14 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   24 Jul 2026, 18:14 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. Source processing completed

   24 Jul 2026, 18:14 UTC

   Source analysis and structured extraction completed.

6. Live evaluation in progress

   01 Aug 2026, 04:14 UTC

   1 signal remains active.