Ethereum

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Ethereum is trading close to $1,620 today. That is still a long way from its all-time high near $4,955. But the coin has caught traders' attention again this week.Why? A <a href="https://www.coingabbar.com/en/price-prediction/ethereum-price-prediction-july-2026" class="f-link" rel="noopener noreferrer nofollow">key support zone</a> on the weekly chart is coming back into focus.<h2 id="span-span-what-is-ethereum-s-price-today-span-span">What is Ethereum's price today?</h2><a href="https://coinstats.app/coins/ethereum/" class="f-link" rel="noopener noreferrer nofollow">As per CoinStats</a>, ETH is changing hands around $1,617 to $1,626, depending on the exchange. It is up a few percent over the past day, though it is still down over the last week and sharply lower over the past year.Ethereum's market cap sits near $195 billion. Trading volume over the last 24 hours is above $11 billion, which shows the market is still active despite the price drop.<h3 id="span-span-why-does-the-1-100-level-matter-for-ethereum-span-span">Why does the $1,100 level matter for Ethereum?</h3>Looking at the weekly chart, $1,100 has acted as a floor for ETH going back to 2021. Every time price has dropped into this zone, buyers have historically stepped in.That does not mean it will happen again. Past patterns are not guarantees. But traders watching the chart are treating this zone as an important line to track.Above that floor, the chart shows a few other levels worth knowing. Around $2,000 is a recent pivot point. Near $2,900 sits a mid-level marker. And $3,900 lines up with resistance from past rallies.<h4>Is Ethereum forming a bottom right now?</h4>Some analysts think so. A few point to the Tom DeMark Sequential indicator, which is flashing buy signals on the monthly charts for Ethereum, Bitcoin, XRP, and Solana at the same time.When several major coins show the same signal together, some traders read that as a sign that sellers are running out of steam. It does not confirm a bottom is in. It is one signal among many.There is also some support from ETF flows. Spot ETH&nbsp;ETFs saw a modest inflow of $14.89 million in June, which is a small but positive sign for demand.<h4>What are the warning signs for Ethereum right now?</h4>Not everyone is convinced this is a safe zone. <a href="https://x.com/cryptorover/status/2072404146700124359" class="f-link" rel="noopener noreferrer nofollow">Other analysts argue Ethereum</a> is entering a riskier stretch of its current cycle.They point out that each bounce since the 2025 top has gotten weaker. Price moved from around $4,955 down to $3,403, then to $2,472, and now it is testing a lower zone again.The worry is that if the current support gives way, selling could spread across other altcoins too. That is the kind of chain reaction traders watch closely in a falling market.<img alt="Ethereum is entering a riskier stretch of its current cycle" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/ENy5I1aTnbkgCW9b8D3PUhafGZ0LqbGhBNa8mrPU.jpg" width="300" title="Ethereum is entering a riskier stretch of its current cycle"><h4>Is ETH stronger or weaker than Bitcoin right now?</h4>Interestingly, ETH has held up a bit better than Bitcoin in recent sessions. Bitcoin touched a new yearly low while <a href="https://www.coingabbar.com/en/price-prediction/ethereum-price-prediction-key-support-before-next-breakout" class="f-link" rel="noopener noreferrer nofollow">Ethereum stayed above $1,550</a> area.Still, Ethereum is not fully in the clear. Some traders say ETH needs to reclaim $1,700 to lower the odds of another leg down. Until that happens, downside risk stays on the table.<h4>What are the upside targets if Ethereum holds support?</h4>If the $1,100 zone does hold and buyers show up, chart watchers point to two broad zones further out.The first is near $2,900 to $3,000, roughly the middle of the larger price range. The second, more distant target sits closer to $4,800 to $5,000, matching Ethereum's prior cycle highs.These are not promises. They are simply levels drawn from the existing chart structure, and price could just as easily stall well before reaching them.<img alt="ETHEREUM WEEKLY CHART" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/oCKVDv1p7gDdTqw0H8IPClMx6o1qgvMO11i66S9x.jpg" width="300" title="ETHEREUM WEEKLY CHART"><h4>The bottom line on Ethereum's price outlook</h4>Ethereum sits at a point where the story could go either way. A historically strong support zone is nearby, and some indicators hint at seller exhaustion.At the same time, the pattern of weaker bounces and Bitcoin's own struggles are reasons for caution. Traders will likely be watching the $1,550 to $1,700 range closely over the coming weeks for clues on which direction comes next.<h4>Disclaimer</h4>This article is for informational purposes only and should not be taken as financial or investment advice. Cryptocurrency markets are highly volatile and unpredictable. Always do your own research and consult a licensed financial advisor before making any investment decisions.

Ethereum Price Forecast: Can ETH Hold the $1,100 Support Zone?

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