Crypto Analyst Says Ethereum Could Rebound if ETH Reclaims $1,750 — But $1,500 Is the Critical Risk

Ethereum has been experiencing declines for several months now, and the ETH price finds itself in a region where some traders think its future could be decided. The coin has seen its value fall from close to $2,950 to $1,579 in recent months, which means that there has been a decline of almost 46.5%. 

When considering the wider picture, the drop in Ethereum's value becomes much more serious, as the price trades at 72% below $5,607.  Crypto analyst Ted believes the next move comes down to two key price levels. He says reclaiming $1,750 could trigger a solid recovery. Losing $1,500, however, could open the door to a much deeper sell-off.

The ETH price is sitting on an important support zone

We had a look at the Ethereum daily chart, and the trend still favors sellers. Since February, ETH has continued posting lower highs and lower lows, keeping the broader bearish structure intact.

There has been a small bounce from the latest low. ETH recovered from about $1,550 to around $1,579, a move of roughly 1.8%. It is a welcome recovery, but it has not changed the overall picture yet.

Daily ETH chart analysis

The first challenge sits near $1,660. Above that comes $1,700, followed by the level Ted is watching around $1,750. If buyers can push through those resistance zones, the chart starts looking much healthier.

However, on the downside, $1,550 still acts as the first line of defense. Below that, traders will be focusing on $1,500, followed by $1,465, and finally $1,400. The moving averages are still bearish. The daily 100-day simple moving average is currently at $2,055.06, leaving the ETH price 23.4% below it. 

In the 4-hour chart, Ethereum is trading 6.4% below the 100-day SMA at $1,680.23. Momentum is also showing mixed signals. The daily RSI is 32.40, sitting close to the oversold level of 30. The 4-hour RSI stands at 43.51, which still favors the bears but is no longer deeply oversold.

4-Hour ETH chart analysis

One encouraging detail is the bullish RSI divergence on the daily chart. Price has continued making lower lows, but RSI has been printing higher lows. Traders often watch this setup because it can appear before trend reversals. It still needs confirmation through stronger price action.

ETH on-chain activity gives a different view

ETH is under pressure, but the story told by the Ethereum blockchain statistics is slightly different. The number of active addresses fell sharply within the observation period, falling from 550,000 to much lower levels. Active addresses measure the number of unique wallets sending or receiving assets each day. A decline usually points to fewer users interacting with the network.

Transaction activity has held up much better. Ethereum continues processing between 2.8 million and 2.9 million transactions per day. That tells us the users who remain active are still generating plenty of activity across the network.

Those two metrics paint different pictures. User participation has cooled, but overall network usage has remained steady. Large investors continue buying Ethereum as well. One whale cluster has accumulated more than 1.11 million ETH during 2026, marking the fastest pace of whale accumulation on record. 

Ethereum's development roadmap continues moving forward

Price weakness has not slowed Ethereum's development plans. The Ethereum Foundation continues working through its multi-year "Strawmap," which focuses on improving network speed, scaling and security through 2029.

The next major milestone is the Glamsterdam upgrade, expected during the third quarter of 2026. One of its main goals is increasing the network's baseline gas limit to 200 million. A higher gas limit would allow Ethereum to process more transactions while helping reduce network congestion and fees.

These upgrades do not normally create immediate price rallies. Their value becomes clearer as developers build applications and network activity expands over time.

At the same time, the Crypto Fear & Greed Index remains at 16, putting the market firmly in "Extreme Fear." This combination has appeared before during previous market cycles. Large investors often build positions when retail traders are pulling back.

Institutional demand has weakened over the short term. The U.S.-listed Ethereum ETFs have seen seven straight days of outflows amounting to $12.85 million as of June 26. Even with the outflows, total inflows have stayed above $11 billion since inception, indicating that institutions have not entirely deserted Ethereum.

Where could the ETH price go next?

The coming several sessions may turn out to be crucial ones for the market. Should the bulls keep defending the support of $1,550, the first upside target will stand at $1,600. Penetrating the latter will allow the price to move to $1,680 and $1,750.

A daily close above $1,750 would be the strongest technical improvement Ethereum has produced in months and could encourage more buying interest. The downside scenario remains straightforward. If the ETH price drops below $1,550, traders will immediately focus on $1,500. 

Losing that level could expose $1,465, then $1,400, with the Fibonacci extension near $1,342 becoming the next major area to watch. For now, Ethereum remains caught between bearish price action and improving underlying signals. The ETH price still trades below every major moving average, ETF flows remain negative, and the broader trend continues pointing lower. 

According to CoinCodex's 1-month ETH price prediction, the price could rise to $2,322.13, implying notable upside from current levels if buyers continue defending the $1,550 support zone and reclaim resistance around $1,680 before making a push toward the $1,750 level.