As of 2026-07-21 20:29:38, the Ethereum price is about $1,939.91, with a 24-hour increase of 3.38%. The 24H high is about ¥13.2k, and the 24H low is about ¥12.6k. The 24H trading volume is 6.1738 million, with trading value of about ¥13.2k, and the 24H turnover rate is 5.12%.

On the technical side, the daily K-line is at a key battleground zone. Price is holding above the EMA15, EMA30, and other moving-average clusters. The Bollinger Band midline at 1,799 provides support, showing a choppy and corrective recovery pattern. In the MACD, the DIF and DEA form a bullish golden cross and turn upward; the red histogram bars expand in volume, indicating that bullish momentum has not waned. However, around 2,000, the 78.6% Fibonacci retracement line and the prior high at 1,975 form dual resistance, so short-term upside faces pressure. Strong support lies around 1,840.

On the four-hour K-line, price is trading above the Bollinger Band midline at 1,862. The Bollinger Band is opening slowly and widening; price moves in a choppy upward trend along the EMA15 and EMA30. The moving averages are in a bullish alignment, providing support for the short-term trend. The MACD red histogram continues to contract in volume.

In terms of market drivers, factors include network activity and the impact of EIP - 4844, institutional capital outflows, and changes in macro sentiment. The market is currently in a consolidation and searching-for-bottom phase. Price fluctuations are concentrated in key technical areas, and investors are waiting for clearer macroeconomic signals.

For trading signals, if price approaches the $2,250 - $2,300 range and stabilizes or forms a “double bottom” pattern, it could be a short-term buying opportunity. If there is a confirmed and effective breakout above $2,550 with a significant increase in trading volume, or if a trend reversal is confirmed, that would be another signal. If $2,200 breaks down and the psychological support fails, the market may undergo a deep correction, possibly even testing the $2,000 level.