Ethereum in July 2026: Bearish Sentiment or Bottom Near? Analysis and Forecasts
Ethereum ends June 2026 in a subdued state. By the end of the month, the cryptocurrency is trading nearly $500 cheaper than a year earlier. Let's analyze where ETH might move in July, based on technical analysis and opinions from leading market experts.
Technical Levels: Where the Bears Are and Where Support Lies
Key resistance and support levels define the near-term outlook. Chief technical analyst Nikita Kutsenko believes ETH will be closely tied to Bitcoin's dynamics. He estimates the summer trading range at $1650-1390. "ETH will experience the full complexity of BTC's situation and will likely move toward $1390 in July — the April 2025 low," the analyst notes.
Nikolay Dudchenko, an analyst at Finam Group, views the situation through the lens of near-term technical levels. According to him, everything will depend on whether the bears can break through the $1500 mark. If they do, the next target will be the $1400 level, and further down the line, bears could reach $1200 — the 2022 lows. At the same time, he describes the situation as ambiguous. On the long-term timeframe, the price is testing a trendline formed by the lows of June-July 2022, November 2022, and April 2025. "A bounce from this level and an upward price correction cannot be ruled out," Dudchenko noted. In his view, the fairly strong deviation of the price from the moving average also supports a correction. Currently, the analyst believes it is important to wait for confirming signals.
Oleg Reshetnikov, an equity market expert at BCS World of Investments, set a base range of $1385-1850. He noted that network metrics and recent news surrounding the Ethereum Foundation do not add optimism. "Ethereum may look weaker than BTC due to its higher sensitivity to the overall risk-off sentiment," the expert explains.
A Long-Term Investor's Perspective
Alexander Ryabinin, a portfolio manager and lecturer at SF Education, views the market from a different angle. According to his assessment, Ethereum is under pressure, like the entire altcoin market, but this market is starting to show more resilience, reflecting simple logic: there is nowhere left to fall. "People are panicking; everyone who wanted to sell has already sold, and both weak and strong hands have been shaken out of the alt market," the expert says. "I think the bottom has been passed or is close. Prices are attractive for long-term investing," he adds. However, he notes that the price could still go lower, and he is gradually building a portfolio of strong assets.
Conclusions
All four experts agree that ETH is currently under pressure and closely tied to Bitcoin's dynamics and the overall risk-off sentiment. The lower bounds of their forecasts also coincide: Nikita Kutsenko (minimum $1390), Nikolay Dudchenko (bear target $1400), and Oleg Reshetnikov (low end of range $1385). Range $1385-1400. Dudchenko, unlike his colleagues, allows for a drop to $1200.
Discrepancies are visible at the upper bound. Kutsenko is cautious with the ceiling ($1650), while Reshetnikov ($1850) and Dudchenko allow for a wider upward move. Alexander Ryabinin stands out in terms of sentiment: unlike his technically oriented colleagues, he views the situation as a long-term investor and believes the bottom has been passed or is close. Dudchenko partly echoes this, not ruling out a bounce from the long-term trendline.
Common denominator: ETH's fate is being decided at the $1500 (resistance) and $1385-1400 (support) levels, while the market is still waiting for confirmation of a reversal.
My analysis: The current consolidation of ETH near historical support levels suggests a high probability of forming a local bottom. However, a confident reversal requires a clear breakout above the $1500 level with volume confirmation. While the market remains in a zone of uncertainty, a long-term accumulation strategy seems more justified than attempts to catch short-term movements.