ethresistance

💠 Ethereum Approaches Critical $1,940 Resistance After Rally: Ethereum price action signals potential breakout or rejection
On July 16, 2026, Ethereum $ETH approaches the $1,938 resistance level after rallying 2.21% to $1,917. The 24-hour high of $1,938.65 was nearly tested, and a breakout above this level could open the door to $2,000. Volume of $12.36B supports the bullish move.
Bitcoin $BTC trades at $64,557, and if Bitcoin holds support, Ethereum $ETH could continue its relative strength. The $1,900 level now serves as support after being reclaimed.
Technical analysis shows Ethereum forming higher lows since the start of the week. A close above $1,940 would confirm the breakout and attract momentum traders.

📌 Key Takeaway:
Ethereum rally to $1,916 positions it for a test of $1,940 resistance. A successful breakout could trigger momentum buying toward $2,000.

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$ETH
If you think Ethereum is dead, you're exactly the kind of trader that Wall Street feeds on. The whales are bleeding from both sides right now, but the 178% buy ratio tells me that a massive pressure is brewing to wipe out the late sellers. I'm anticipating the inevitable reversal before the herd realizes what's happened.

Trend: I'm going long on ETHUSDT.
Entry Point: 2,329.00
Take Profit (TP): 2,500.00
Stop Loss (SL): 2,250.00

Do Your Own Research (DYOR).
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