Ethereum price remains fixed near $1,750 after renewed tensions in the Middle East triggered a risk-off mood across financial markets, with sellers once again defending the $1,800 resistance zone.
According to data from crypto.news, Ethereum ($ETH) The price traded around $1,756 on Wednesday after failing to sustain multiple attempts above $1,800 over the past week. The rejection comes as US airstrikes on military targets in Iran, after Iran reportedly shelled civilian ships near the Strait of Hormuz, limited demand for cryptocurrencies as investors turned to traditional safe-haven assets.
The conflict has also disrupted diplomatic efforts that had already been halted during Iran’s official mourning period for Supreme Leader Ali Khamenei.
At the same time, regulatory uncertainty in the United States impedes new institutional positioning. The Securities and Exchange Commission updated its 2026 rulemaking agenda on July 7 and July 8, announcing three virtual currency proposals covering safe harbors, broker-dealer capital requirements, and alternative trading systems.
While this framework provides more regulatory clarity than enforcement-led oversight, major investors continue to await the fate of the CLARITY Act before committing additional capital to digital assets.
Ethereum remains caught between strong support and fierce resistance
Ethereum’s price structure continues to be compressed within a well-defined range. The 4-hour chart shows buyers repeatedly defending the support near $1,750 while repeatedly failing near the $1,850 resistance area. The latest rejection formed after $ETH It completed another rounded recovery pattern, but stalled below horizontal resistance, extending the trading range that dominated price movements for several sessions.
Cryptocurrency analyst Daan Crypto Trades said:$ETH Last week, I was rejected for the fourth time for $1,800. This resistance has thwarted every attempt so far… Below, this $1750 area remains key. ” His chart identifies $1,750 as the lower end of the current range, and a decisive move above either level could determine Ethereum’s next directional trend.
$ETH Last week, I was rejected for the fourth time for $1,800.
This resistance has thwarted all attempts so far, which says a lot about what sellers are resisting here.
Below, this $1750 area remains important.
For now, this lower timeframe remains choppy and range-bound. pic.twitter.com/oGkkFbwkTJ
— Daan Crypto Trades (@DaanCrypto) July 9, 2026
Daily technical indicators show a mixed picture. Ethereum has regained the downtrend line that had restricted the price since May and continues to trade above the 78.6% Fibonacci retracement level near $1,703.
Chaikin Money Flow remains positive at 0.08, suggesting that capital continues to flow into the market while Aroon Up numbers continue to dominate. However, after briefly approaching overbought territory earlier this month, momentum slowed as the 4-hour MACD histogram turned negative and the RSI eased towards the neutral 50 level.
Derivatives positioning also argues for continued volatility rather than an immediate breakout. CoinGlass liquidation data shows that one of the largest short-term liquidation clusters is located roughly between $1,770 and $1,780, with an even larger concentration spread across the $1,800 to $1,850 region. Continuously passing through these levels could trigger a cascading liquidation and accelerate upward momentum.
On the downside, a notable long-term liquidation pool has formed around $1,720 and psychologically around $1,700, leaving both directions vulnerable to sharp moves if either boundary breaks down.
Beyond price trends, Ethereum continues to face structural headwinds within its own ecosystem. Activity is increasingly moving to layer 1 blockchains that compete with layer 2 networks, and activity on Ethereum’s mainnet is decreasing. Decline in transaction fees slowed down $ETHThe burn rate of decentralized finance activity remains below previous cycle highs.
Even Vitalik Buterin’s newly released Lean Ethereum roadmap outlining scalability, privacy, and quantum-resistance upgrades by 2029 has so far failed to generate any meaningful market response.
A break below $1,750 could reopen the path to $1,700.
The bullish case remains as long as Ethereum remains above the current support band. Analyst Ted Pillows discussed the market:
“$ETH remains above the $1,750 level. As long as Ethereum remains above that, a relief rally is very likely. ”
His chart shows that if buyers regain momentum, the next upside target is around $2,000.
A close below $1,750 would weaken that outlook. Such a move could expose a $1,720 liquidity pocket before opening the door to the 200-day moving average near $1,700 and $1,694.
Further geopolitical escalation, higher oil prices, delays in US crypto legislation, or a new wave of risk-off selling across global markets could increase bearish pressure and postpone Ethereum’s attempt to regain the $1,800-$1,850 resistance zone.
