Key highlights:
- ETH prices are currently above the support level of $1,750, whereas $1,800 and $1,900 constitute the resistance levels
- Ethereum transactions climbed from 1.7 million to 13 million, even as active addresses fell from 380,000 to 300,000
- The Lean Ethereum initiative by Vitalik Buterin features private validators, quantum resistance, and zero-knowledge consensus
Ethereum is currently trading above a crucial support level that gives bears hope for continued appreciation. As indicated by cryptocurrency analyst Ted Pillows, the $1,750 level is a key level, with a positive change in demand pushing the ETH price higher towards the $1,850-$1,900 levels.
The charts are also starting to lean in buyers' favor. Short-term momentum has improved, and Ethereum has recovered a large portion of the losses recorded earlier this year.
On another front, Ethereum is gearing up to undertake its largest protocol upgrade yet since the Merge. This next phase in Ethereum’s evolution is centered around Vitalik Buterin’s Lean Ethereum proposal, which focuses on validator privacy, zero-knowledge proofs, and quantum resistance.
The ETH price is holding an important support level
Ted Pillows believes Ethereum holding above $1,750 is an encouraging sign, and the charts back that up.
$ETH is holding above the $1,750 level, which is a good sign.
Spot demand is picking up a bit, which could push Ethereum towards the $1,850-$1,900 zone in the coming weeks. pic.twitter.com/A2eBbJbXVj— Ted (@TedPillows) July 10, 2026
We had a look at Ethereum's native 4-hour chart, where the ETH price is trading around $1,792. That puts the price about 7.2% above the 100 period simple moving average of $1,672.94. As long as the price remains above the moving average from late June, short-term momentum will continue to favor bulls.
In addition, the 4-hour RSI has moved to 61.53. It is above the neutral 50 mark but below the overbought region of 70. The next resistance is quite evident. The bulls will need to break through the key psychological level of $1,800.
4-hour ETH chart analysis
Once that level is cleared, the price could target the $1,900 and $2,000 levels. Resistance from there is seen at $2,088 on the Fibonacci retracement. Those levels line up closely with Ted Pillows' expectation that improving spot demand could carry the ETH price into the $1,850-$1,900 range.
The ETH daily chart shows the recovery is still developing
The long-term outlook is positive, but there is one key challenge still ahead. ETH has risen from the cycle low of about $906 to $1,799, so Ethereum is almost double what it was at its cycle low on the chart. There is also more momentum, as the daily RSI has reached 57.63 after being oversold for part of 2026.
Daily ETH chart analysis
Notwithstanding its recovery, Ethereum continues to stay in line with the downtrend overall. The value of the daily 100-day simple moving average stays at $2,017.63. At this time, the ETH price stays approximately 10.8% below that line.
A breakout of $1,800 in Ethereum will most probably make traders aim to reach $1,900, and then $2,000. An upside break of the daily moving average of about $2,018 will provide additional evidence for the reversal of the downtrend.
Ethereum's privacy roadmap could be one of its biggest upgrades yet
Beyond the charts, Ethereum developers are working on a much bigger project. Vitalik Buterin's Lean Ethereum roadmap outlines a three-to-four-year plan to redesign large parts of the network.
Alongside scalability and quantum resistance, validator privacy has become one of the roadmap's primary goals. The proposal relies on zero-knowledge proofs and STARK proofs to move much of Ethereum's validator accounting off-chain without reducing security.
Under the plan, validator identities would be refreshed every day, making it much harder to link deposits, staking activity, and withdrawals. Validator records would also become much smaller, helping Ethereum support a much larger number of validators over time.
Nevertheless, the proposal is still in the research phase and the developers hope that it will take several years before any implementation of the proposal. The implementation is technically difficult, and researchers are still discussing how to properly implement such proposals.
It means that the roadmap will have little influence on the ETH price in the coming period. However, it indicates that the development of the platform continues and aims to make the network more secure, decentralized, and scalable.
Ethereum's on-chain activity paints a mixed picture
There seems to be no trend in the most recent on-chain data from Glassnode. The daily active addresses dropped from about 380,000 to 300,000 during the period under study. This generally implies that fewer individual wallets were using the blockchain.
On the other hand, transactions spiked. Ethereum transactions increased from approximately 1.7 million to 13 million over the same period, an increase of more than 650%. That means the wallets still using Ethereum are generating much more activity than before. There are several possible explanations, including heavier DeFi usage, automated trading, staking activity, or institutional participation.
For the ETH price, rising transaction volume is encouraging because it shows the network is processing far more activity. Even so, traders would likely feel more confident if active addresses also begin moving higher, showing broader user participation is returning alongside the increase in transactions.
What comes next for the ETH price?
The next move hinges on the ability of buyers to retain control of the present support level. The ETH price will have to stay above $1,750 for the rally to stay intact. A breakout above $1,800 might pave the way for the $1,850 and $1,900 levels.
If buying pressure continues beyond that, traders will watch $2,000 and then the daily 100-day moving average around $2,018. Clearing those levels would mark one of Ethereum's strongest technical improvements in months. If sellers regain control, the first support comes in near $1,738, followed by the 4-hour moving average around $1,673 and then the $1,600 level.
CoinCodex's 1-month ETH price prediction places the price at $2,679.07, pointing to further upside from current levels if buyers can hold the $1,750 support zone and break above the $1,800-$1,900 resistance area before targeting the $2,000 region.
