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Ethereum reports $1,714: Technical signals show weakening momentum, analyst BATMAN warns of hidden b

2026-07-09 12:31:20
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Ethereum technical signals weaken, analysts warn of hidden bearish divergences

Ethereum once again showed technical weakness signals after its recent attempt to rebound. Although ETH prices remained above key support areas, trading indicators showed buyer momentum had weakened compared to the previous period, making market participants more cautious.

Technical pressure increases

On July 8, 2026, cryptocurrency analyst BATMAN pointed out that Ethereum has formed a hidden bearish divergence. This pattern occurs when prices fail to hit new highs and certain technical indicators test higher levels-a classic warning sign that while the bull trend may not have completely ended, buyer power is weakening.

BATMAN emphasized that the hidden bearish divergence on the Ethereum chart does not necessarily signal an imminent sharp decline, but it creates a technical landscape that could make subsequent attempts at recovery more difficult.

As of reporting, ETH was trading at US$1,714.17. Its 24-hour trading volume was US$13.12 billion and its market value was US$208.21 billion. In the past 24 hours, the asset\'s price has fallen 4.33%.

According to Bollinger Band data, the upper track is at US$1,839.76, the middle track is at US$1,677.38, and the lower track is at US$1,515.01. Ethereum recently fell back after hitting the upper track, but is still trading above the middle track of the Bollinger Band, implying a key technical support area.

MACD remains positive but kinetic energy weakens

The MACD (Exponential Smoothing Similarities and Differences Moving Average) indicator is still in the positive region. The MACD line is-4.01, the signal line is-30.17, and the histogram is 26.16. Although the bar chart shows green columns, indicating that there is still bullish momentum, the columns have begun to narrow, highlighting that market demand is weakening.

Ethereum, as the world\'s second-largest cryptocurrency by market capitalisation, is the infrastructure for decentralized financial applications, tokenization, NFT transactions and many blockchain solutions. Therefore, changes in ETH prices are closely watched by the entire digital asset market.

Outlook for key support and resistance levels

Technical signals by themselves do not determine the direction of prices, but are crucial to identifying potential breakthrough ranges. If buyer demand picks up, Ethereum is expected to break through the $1840 resistance level, turning the recent pullback into a temporary pause.

If selling pressure continues and ETH falls below the middle track of the Bollinger Band of US$1677, analysts warn that market attention may quickly shift to the key support level of US$1515.

In the short term, the trend of Ethereum\'s price will depend on which side of the buyer and seller has the upper hand in the next few trading sessions. Although ETH remains firm above key technical support, weaker indicators mean market participants are adopting a more cautious attitude.

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