Ethereum in July 2026: bearish pressure and key support levels
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. To understand where ETH might move in July, I analyzed the current market situation and gathered opinions from key experts.
Technical Levels: Where the Bears Are and Where Support Lies
Nikita Kutsenko, financial manager and crypto analyst, believes ETH will be tied to Bitcoin's dynamics. He estimates the summer trading range at $1650-1390. According to him, in July, Ether will likely test the April 2025 low of $1390. This reflects the complexity of the BTC situation and the overall pessimism in the market.
Nikolay Dudchenko, analyst at Finam Group, views the situation through near-term technical levels. The key point is whether the bears can break through the $1500 mark. If so, the next target will be $1400, and further down the line, $1200, the 2022 low. However, he calls the situation ambiguous. On the long-term timeframe, the price is testing a trend line formed by the lows of June-July 2022, November 2022, and April 2025. Dudchenko does not rule out a bounce from this level and an upward correction, pointing to a strong deviation of the price from the moving average.
Oleg Reshetnikov, stock 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 yet. In his opinion, Ethereum may look weaker than BTC due to its higher sensitivity to the overall risk-off sentiment.
The Long-Term Investor's Perspective
Alexander Ryabinin, portfolio manager and lecturer at SF Education, looks at 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 become more resilient. He believes the bottom has been reached or is close, as everyone who wanted to sell has already sold, and both weak and strong hands have been shaken out of the alt market. However, he notes that the price could still go lower, and he is gradually building a portfolio of strong assets.
Common Denominator
All four experts agree that ETH is under pressure and closely tied to Bitcoin's dynamics and the overall risk-off sentiment. The lower bounds of their forecasts also coincide: $1385-1400. Dudchenko, unlike his colleagues, allows for a drop to $1200.
Discrepancies are visible in the upper bound. Kutsenko is cautious with the ceiling ($1650), while Reshetnikov ($1850) and Dudchenko allow for a wider upward move. Ryabinin stands out in his outlook: unlike his technically oriented colleagues, he views the situation as a long-term investor and believes the bottom has been reached or is close. Dudchenko partly echoes this, not ruling out a bounce from the long-term trend line.
ETH's fate is being decided at the levels of $1500 (resistance) and $1385-1400 (support), while the market is still waiting for confirmation of a reversal. My analysis confirms: until Bitcoin shows a confident move, Ethereum will remain in a zone of uncertainty, making July a critical month for determining the medium-term trend.
This material is not an investment recommendation. The forecasts reflect the personal opinions of the author and experts.