Ethereum in July 2026: Bearish Sentiment 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 opinions of leading market experts and technical indicators. The situation is mixed, but key levels have already been outlined.
Technical Levels: Where the Bears Are and Where Support Lies
Nikita Kutsenko, financial manager and crypto analyst, believes that ETH will be tied to Bitcoin's dynamics. He estimates the summer trading range at $1650-1390. According to him, ETH will experience the full complexity of BTC's situation and will likely move toward $1390 in July — the low from April 2025.
Nikolay Dudchenko, analyst at Finam Group, views the situation through the lens of nearest technical levels. In his opinion, 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, bears could reach $1200 — the lows of 2022. However, he calls the situation 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 notes. In his view, a fairly strong deviation of the price from the moving average also supports a correction.
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. "Ethereum may look weaker than BTC due to higher sensitivity to the overall risk-off sentiment," the expert explains.
A Long-Term Investor's Perspective
Alexander Ryabinin, portfolio manager and lecturer at SF Education, looks at the market from a different angle. In his assessment, Ethereum is under pressure, like the entire altcoin market, but this market is starting to become more resilient, reflecting simple logic: there is not much room left to fall. "I think the bottom has been passed or is close. Prices are attractive for long-term investing," the expert says. However, he notes that the price could still go lower, and he is gradually building a portfolio of strong assets himself.
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 align: Nikita Kutsenko (minimum $1390), Nikolay Dudchenko (bear target $1400), and Oleg Reshetnikov (range low $1385). The range is $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. Alexander 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 passed or is close. Dudchenko partially echoes this, not ruling out a bounce from the long-term trendline.
The common denominator: ETH's fate is decided at the levels of $1500 (resistance) and $1385-1400 (support), and the market is still waiting for confirmation of a reversal.
My expert assessment: ETH's current consolidation near the lower bound of the range is a classic "accumulation zone" for long-term players. However, for a confident bullish scenario, a close above $1650 with volume confirmation is necessary. For now, the bears control the situation, and a break below $1385 would be an extremely bearish signal, opening the door to $1200.