On July 8, 2026, Ethereum is consolidating in the $1,730–$1,780 range, with both bulls and bears repeatedly fighting over the key resistance level of $1,800. The overall market is weak, and it is in a rebound-repair phase within a larger downtrend.

## Key Price Levels

· **Upper resistance:** $1,789 - $1,794 (50-day moving average and double resistance); if it breaks through, the next target is $1,839 - $1,843.
· **Lower support:** **$1,722** (thin short-term support); **$1,695 - $1,716** (strong support zone—if it breaks, it may see further pullbacks to $1,580 or even $1,517).

## Specific Strategy Reference

· **Bearish bias (focus on resistance):** If the rebound comes under pressure near **$1,789-1,794**, you may consider a small-position short. Set the stop-loss above $1,800, with the first target at $1,722; if it breaks, then look at $1,695.
· **Bullish bias (focus on support):** Wait for a clear rebound signal with strong volume in the $1,695-1,722 range before considering an entry; chasing price is higher risk.

The current market sentiment is in “extreme fear,” and Bitcoin dominance near 56% is suppressing capital inflows. In the short term, the outlook is likely bearish; it’s more prudent to stay patient and wait for the results of testing the key support levels before taking action. #以太坊