Ethereum rises above $1,880 on strong technical momentum

Ethereum traded at US$1,880.58 on 15 July 2026, marking a 4.66% gain in 24 hours and a daily turnover of US$14.26 billion. Technical analysis highlighted a developing double‑bottom pattern, a leveling of the 13‑ and 21‑day moving averages, an RSI of 63 and a MACD line well above its signal, all indicating bullish momentum. Analysts noted the token’s break above a descending trendline and set short‑term resistance near US$1,992, with further targets around US$2,150 and a longer‑term path toward US$2,600 if buying pressure persists. Market sentiment was also buoyed by softer inflation data and expectations that Ethereum exchange‑traded funds could see net inflows after eight months of outflows.

A separate report observed Ethereum hovering near US$1,920, still 64% below its all‑time high, while institutional investors continue to hold significant stakes and the network underpins about 60% of the US$34 billion in tokenized real‑world assets. Despite the drawdown, the price target of US$3,000 represents a potential 1.7‑fold gain, reinforcing Ethereum’s role as a foundational layer for future finance.