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<p>Ethereum price has followed the early stages of Tony Research’s outlook, but the analyst believes the more important move could still be ahead. <a href="https://captainaltcoin.com/we-asked-grok-claude-deepseek-where-will-xrp-and-eth-be-by-october/" rel="noopener noreferrer nofollow">ETH has completed</a> its wedge breakout and returned to test the former resistance area. That successful retest keeps the current recovery structure intact, even though several weekly indicators remain cautious.</p><p>Tony Research expects Ethereum to retain enough strength for another push toward $2,000. However, his wider outlook includes a final correction within the next 30 to 90 days. The combination creates a difficult setup where ETH could climb first before entering a deeper decline.</p><p>Tony Research explained that Ethereum price broke above <a href="https://www.axi.com/int/blog/education/wedge-patterns" rel="noopener noreferrer nofollow">a wedge formation</a> and returned to test the breakout area. That retest has now been completed, which means the first part of his forecast has developed as planned.</p><p>The next part involves a possible liquidity sweep near $1,804. Such a move would allow ETH to trade below nearby support and remove leveraged positions before attempting another recovery. <a href="https://www.fluxcharts.com/articles/liquidity-sweeps-explained-how-to-identify-and-trade-them" rel="noopener noreferrer nofollow">A liquidity sweep</a> does not guarantee an immediate rebound, but it can explain a brief move beneath an obvious support level.</p><p>The analyst identified 2 potential buying regions beneath the current structure:</p><ul class="wp-block-list"><li>The first ETH zone extends from $1,720 to $1,800.</li><li>The second ETH zone extends from $1,680 to $1,744.</li></ul><p>Tony Research previously assigned a low probability to Ethereum reaching the second region. He also noted that ETH might not enter the first region because Ethereum has displayed greater relative strength than Bitcoin.</p><p>His conservative Ethereum price target remains $2,000. A stronger Bitcoin price recovery could expand that target. Bitcoin reaching between $70,000 and $72,000 could give ETH enough support to pursue the $2,100 to $2,200 region.</p><blockquote class="twitter-tweet"><p><a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> UPDATE<br><br>My local view on <a href="https://x.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a><br><br>So far, everything is going according to plan:<br><br>1. We broke out of the wedge and are now retesting it (DONE)<br>2. Liquidity sweep at $1,804 (LOANDING?)<br>3. First long zone: $1,720/$1,800<br>4. Second long zone: $1,744/$1,680<br><br>5. Conservative target:… <a href="https://t.co/SaTPGqXpFq" rel="noopener noreferrer nofollow">https://t.co/SaTPGqXpFq</a><a href="https://t.co/zKIKWuqxJv" rel="noopener noreferrer nofollow">pic.twitter.com/zKIKWuqxJv</a></p>— Tony Research (@TonyResearch_) <a href="https://x.com/TonyResearch_/status/2085734209327423798?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2026</a></blockquote><h2 class="wp-block-heading" id="tony-research-expects-a-final-ethereum-correction-within-90-days">Tony Research Expects a Final Ethereum Correction Within 90 Days</h2><p>Tony Research’s near term target does not remove the possibility of a larger decline. The analyst expects a final correction to begin sometime during the next 30 to 90 days.</p><p>That forecast means <a href="https://captainaltcoin.com/dont-get-trapped-by-the-10000-ethereum-hype-heres-the-real-setup/" rel="noopener noreferrer nofollow">Ethereum price</a> could follow 2 separate phases. ETH may first complete its recovery toward $2,000 or higher before weakening during the projected correction. Price performance around the identified long zones could offer more information about which phase has started.</p><p>Tony Research also referenced his June 30 ETH outlook, when he targeted the $1,950 to $2,000 region. Ethereum later moved toward that area, which supported the earlier setup.</p><p>The analyst remains careful about proposing an aggressive entry because ETH could still revisit lower levels. His 2 zones provide broad areas to watch instead of one precise price that may never be reached.</p><h2 class="wp-block-heading" id="weekly-ethereum-indicators-still-favor-a-cautious-outlook">Weekly Ethereum Indicators Still Favor a Cautious Outlook</h2><p>The weekly indicators provide a mixed picture, although 3 of the 4 readings currently carry a sell action. Each indicator measures a different part of Ethereum’s market structure, so the combined reading matters more than any single number.</p><p><strong>RSI at 43.822 carries a sell reading.</strong> The Relative Strength Index measures price strength on a scale from 0 to 100. A reading below 50 means sellers retain a modest advantage. ETH is not deeply oversold at this level, so the indicator leaves room for further weakness before reaching an extreme condition.</p><p><strong><em>Read Also: <a href="https://captainaltcoin.com/what-10000-in-xrp-today-could-be-worth-by-late-2027/" rel="noopener noreferrer nofollow">What $10,000 in XRP Today Could Be Worth by Late 2027</a></em></strong></p><p><strong>MACD at negative 274.51 also carries a sell reading.</strong> MACD compares shorter and longer price trends to measure direction and momentum. The negative value shows that the broader weekly trend remains weak. Ethereum would need a sustained recovery before this indicator could support a more positive outlook.</p><p><strong>The Ultimate Oscillator at 47.044 produces another sell reading.</strong> This indicator studies buying pressure across multiple periods. Its position below 50 shows that buying strength has not taken firm control. The reading remains close enough to neutral that a strong ETH move could improve it, though confirmation has not arrived.</p><p><strong>Bull and Bear Power at 16.016 carries the only buy reading.</strong> This indicator compares bullish and bearish pressure against an exponential moving average. Its positive value shows that buyers still have some power despite weakness across the other weekly indicators.</p><figure class="wp-block-table table1"><table class="has-fixed-layout"><thead><tr><th>Name</th><th>Value</th><th>Action</th></tr></thead><tbody><tr><td>RSI, 14</td><td>43.822</td><td>Sell</td></tr><tr><td>MACD, 12 and 26</td><td>negative 274.51</td><td>Sell</td></tr><tr><td>Ultimate Oscillator</td><td>47.044</td><td>Sell</td></tr><tr><td>Bull and Bear Power, 13</td><td>16.016</td><td>Buy</td></tr></tbody></table></figure><p>Ethereum price remains caught between a completed bullish breakout retest and cautious weekly indicator readings. Tony Research still sees room for ETH to target $2,000, with $2,100 to $2,200 possible if Bitcoin reaches $70,000 to $72,000.</p><p>The projected correction within 30 to 90 days remains the main risk behind that recovery case. Ethereum’s behavior near $1,804 and the 2 lower zones could reveal whether buyers can extend the rebound or whether the expected final decline has already begun.</p><h2 class="wp-block-heading" id="faqs">FAQs</h2><div class="wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-82dc26f3 uagb-faq-icon-row-reverse uagb-faq-layout-accordion uagb-faq-expand-first-false uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height uagb-faq__wrap uagb-buttons-layout-wrap"><div class="wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-2970d97a "><div class="uagb-faq-questions-button uagb-faq-questions"><span class="uagb-icon uagb-faq-icon-wrap"></span><span class="uagb-icon-active uagb-faq-icon-wrap"></span><span class="uagb-question"><strong>How much will 1 Ethereum be worth in 2030?</strong></span></div><div class="uagb-faq-content"><p><em>Ethereum (ETH) price predictions for 2030 range widely from conservative targets around $2,300 to highly bullish institutional forecasts reaching $11,800 to $40,000 per token.&nbsp;Because cryptocurrency valuations are highly speculative, financial institutions and analytics firms use different modeling assumptions to estimate the future value of the network.&nbsp;</em></p></div></div><div class="wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-50b37f5f "><div class="uagb-faq-questions-button uagb-faq-questions"><span class="uagb-icon uagb-faq-icon-wrap"></span><span class="uagb-icon-active uagb-faq-icon-wrap"></span><span class="uagb-question"><strong>Can Ethereum reach 100k by 2040?</strong></span></div><div class="uagb-faq-content"><p><em>Most realistic Ethereum forecasts for 2040 fall&nbsp;<strong>between $10,000 and $20,000</strong>, not the extreme six-figure predictions.</em></p></div></div></div><p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"><iframe title="2026 Crypto Card Ranking — Massive CHANGES Nobody Expected!" src="https://www.youtube.com/embed/gVOD-NjXLDo?feature=oembed"></iframe></div></figure><p>The post <a href="https://captainaltcoin.com/ethereum-eth-price-is-moving-as-predicted-another-dip-is-expected/" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Is Moving as Predicted – Another Dip Is Expected</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum (ETH) Price Is Moving as Predicted – Another Dip Is Expected

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