Ethereum climbs above $1,880 as bullish signals build
15th July 2026 – (New York) Ethereum extended its recent advance in the latest trading session, supported by strengthening technical indicators and renewed optimism across risk assets. The cryptocurrency was. . .
15th July 2026 – (New York) Ethereum extended its recent advance in the latest trading session, supported by strengthening technical indicators and renewed optimism across risk assets. The cryptocurrency was trading at US$1,880. 58, marking a 4. 66 per cent gain over 24 hours, with daily turnover reaching US$14. 26 billion, according to CoinMarketCap data. Market participants are closely watching whether the token can push decisively above key resistance thresholds as chart patterns suggest improving momentum. Sentiment has also been buoyed by softer inflation readings, which have enhanced the broader outlook for higher‑risk investments. In addition, expectations are growing that Ethereum exchange‑traded funds could post net monthly inflows after eight consecutive months of outflows. Technical analysts have identified what appears to be a developing double bottom formation after Ethereum rebounded from long‑term support near US$1,500. The structure has provided traders with a clearly defined support base and strengthened the asset’s near‑term trajectory, provided it remains above recent lows. Longer‑term price charts spanning July 2024 to July 2026 show the cryptocurrency staging a recovery after slipping below US$2,000 earlier this year. That downturn followed a sharp correction which wiped out much of the rally that had driven prices close to US$4,800 in the latter half of 2025. While the 13‑ and 21‑period moving averages have begun to level off amid the rebound, Ethereum continues to trade beneath its previous cycle peak. Analysts note that Ethereum has broken above a descending trendline after forming a sequence of higher lows throughout June and July. The immediate upside target is seen at US$1,992. 22, with further resistance projected near US$2,150. 68 should buying pressure persist. A more extended move could open the path towards US$2,600, although sustained trading above the former trendline will be required to confirm a lasting breakout. Momentum readings remain constructive. Ethereum’s 14‑day Relative Strength Index stands at 63. 13, with its RSI average at 56. 63, indicating solid buying interest without entering overbought territory. The Moving Average Convergence Divergence indicator also signals positive momentum. The MACD line is positioned at 30. 12, comfortably above the signal line at 8. 15, while an expanding positive histogram of 21. 97 reflects strengthening upward pressure following a recent bullish crossover.