As of July 6, 2026, Ethereum is oscillating around $1,770, showing a short-term rebound trend, but is approaching the critical strong resistance zone of $1,800–$1,835.

Key Observations:

· Short-term momentum persists: Price has reclaimed the 7-day and 20-day moving averages, and the MACD shows a golden cross signal. On-chain smart contract deployments surged 303%, historically often foreshadowing subsequent upward moves.
· Strong resistance above: The $1,800 level is congested with multiple pressures such as the 50-day moving average and the upper Bollinger Band.
· Price-volume divergence: The recent rally has been accompanied by declining open interest, and aggressive sell orders still dominate, suggesting the move is more driven by short covering than fresh capital, making the foundation shaky.

Today’s Strategy Reference (Two Scenarios):

· Scenario 1: Rejection at resistance (higher probability)
· Trigger condition: Price clearly stalls in the $1,802–$1,835 range.
· Strategy: Consider a light short position, with a stop loss above $1,850. Watch support at $1,742 and $1,716 below.
· Scenario 2: Breakout on volume (lower probability)
· Trigger condition: Daily closes firmly above $1,835 with volume confirmation.
· Strategy: After confirmation, consider a light long position, targeting the $1,920–$1,950 area.

Key Levels

· Upper resistance: $1,802–$1,807 / $1,835 (critical inflection)
· Lower support: $1,742 / $1,716 (bull-bear divide)

Summary: The short-term direction depends on whether $1,835 can be convincingly broken. Before a confirmed volume-driven breakout, chasing upside carries high risk. It is recommended to patiently wait for a pullback to stabilize at support levels, or for a right-side entry after the breakout. #以太坊