$ETH Price Analysis Today | Bullish Range July 29th
1 extracted signal · 0 resolved · 1 still active
Pip SnipersIndependent analyst profile- Source published
- 30 Jul 2026, 02:23 UTC
- Recorded by Tahlil Plus
- 30 Jul 2026, 03:39 UTC
AI-generated source summary
The analysis focuses on Ethereum's price action, predicting a potential upward trend towards the $10,000 to $11,000 range in the next bull cycle. The current market sentiment is seen as consolidating sideways for years, forming a re-accumulation structure. A key demand zone is identified between $1,291 and $1,140, which has historically acted as support. The analysis suggests that if Ethereum breaks above the resistance at $2,440 and maintains support at $1,788.79, it could initiate a significant upward move. The 0.886 Fibonacci level at $1,336.76 and the 1 Fibonacci level at $867.17 are also noted as significant support levels. The alternate scenario discussed is if Ethereum fails to hold above $1,788.79, potentially leading to a retest of the April 2025 lows. The RSI indicator shows multiple equal lows on the weekly chart, suggesting a potential bottoming process, with a projected move to the $2,440 supply zone if Bitcoin remains strong.
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