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Ethereum price is struggling to extend its June recovery after meeting resistance near $1,900. The latest daily charts show ETH trading around $1,870. There, a major downtrend line, the Ichimoku cloud, and a Fibonacci resistance band now overlap.
The market is therefore caught between a developing recovery and a broader bearish structure. Buyers need to hold the $1,825 area and reclaim $1,927.
At the same time, a deeper rejection could return attention to $1,550 and $1,390. Large wallet movements are adding another layer of pressure as traders wait for a clearer directional break.
Ethereum Price Meets Heavy Resistance
Ethereum price has completed a three-wave recovery from the June low near $1,500. More Crypto Online highlighted that the rebound has now reached the key third-quarter resistance area. The first Fibonacci level at $1,815 is already under pressure.
The next levels sit at $1,927, $2,045, and $2,227. ETH crypto remains below the upper boundary of this zone, so the broader bearish count is still valid. A sustained move above $2,227 would weaken that outlook and open room toward the April high near $2,450.
However, rejection from the current area could restart the larger decline. The same chart places support near $1,550, followed by $1,390.
Daily Cloud Rejection Keeps Bears Active
Meanwhile, crypto trader Chris noted that ETH rejected the daily cloud and slipped back under the major descending trendline. The chart showed the price testing both barriers near $1,900 before closing around $1,868.
The daily RSI is also testing an ascending support line that began at the June low. Holding that line would preserve improving momentum, even as price struggles beneath resistance. Losing it could send the RSI back toward weaker territory and increase the risk of another test inside the cloud.
For buyers, the immediate task is to reclaim the trendline and hold above $1,900. That would place $1,927 in focus and improve the chances of a move toward $2,045. Until then, the rejection keeps the short-term picture cautious and leaves sellers in control of the main daily trend.
Ethereum Price Prediction: $1,825 Support Keeps $2,500 Open
Notably, Michaël van de Poppe still expects Ethereum price to reach the $2,500 area despite the current correction. His daily chart marked $1,825 as the main support line, with a demand zone stretching slightly below it.
ETH has moved above its short-term moving averages after forming a base near $1,500. The recovery also produced higher lows through July, suggesting that buyers are trying to establish a new structure. Holding $1,825 would keep that sequence intact and protect the latest breakout attempt.
The projected target zone begins near $2,500 and extends toward $2,620. Before reaching it, ETH must clear $1,927 and $2,045, then challenge the wider resistance around $2,227. A loss of $1,825 would instead expose $1,700 and the $1,505 base.
Large Wallet Transfers Add Supply Risk
Additionally, Lookonchain reported that the wallet linked to the Drift Protocol exploiter deposited 23,095 ETH into Tornado Cash. It was valued at nearly $44.4 million. The transfer adds another source of uncertainty while ETH trades below major resistance.
The same wallet still holds roughly 107,165 ETH, worth about $201 million, according to the shared Arkham data. That balance is large enough to attract market attention. However, wallet holdings alone do not confirm an intention to sell or immediate exchange-bound supply.
Still, fresh transfers can weigh on sentiment during a fragile recovery. ETH now needs to defend $1,825 and push through $1,927 to reduce that pressure. A break above $2,227 would improve the broader setup, while failure at resistance keeps $1,550 and $1,390 in play.
