Ethereum encountered resistance, although when Eric Trump issued a tweet in support of
The President's Son issued, Ethereum was approaching the supply area above, and the market responded quickly. ETH briefly touched $1812, and sellers then absorbed buying pressure, and the price fell back to an intraday low of $1780, then stabilized around $1792, rising only slightly by 0.28% as of press time. This high enthusiasm did not continue the rally, and the resistance area that suppressed attempts at a rebound at the end of June took effect again.
"Ethereum is rising strongly! Great! Cryptocurrency is the future..."-Eric Trump, July 11, 2026
The current correction is orderly and has not caused damage. Ethereum remains above its downward 50-day moving average ($1760)-which was recovered earlier this month for the first time since its May decline. The daily RSI indicator is close to 57, indicating cooling momentum but no bearish reversal.
It can be seen from the chart (shared by Coindoo Owner X Platform) that the current area of attention is slightly below the current price: the intersection of the 50-day moving average and the 0.236 Fibonacci retracement level (about US$1730) that fell in June. As long as the ETH daily close can hold the intersection, the bullish structure starting from the low of $1505 will remain intact-that is, forming a higher low, recovering the moving average, and this time the obstruction is only a temporary pause.
"Ethereum failed to break through the resistance zone. The price is being revised back after being rejected. The key observation area is the intersection of the 50-day moving average and the Fibonacci level of 0.236, which may constitute strong support. As long as this level is held, the bullish structure remains unchanged."-- Philip Vanchev, July 12, 2026
If it breaks below this zone, a deeper correction may be initiated. The first support below is the $1700 integer mark, which will expose the $1560 support level-a position that built the entire June bottom. On the upside side, the conditions for confirmation of a failure to break through are equally clear: if the daily line closes firmly above US$1812, it may challenge the US$1880 region, while the 100-day moving average (about US$2012) is a larger target.
Before either of the above closing signals appeared, the summary was simple: Ethereum received endorsements from members of the president's family on the same day and actually hit the resistance level, but the seller's power stationed at $1812 outweighed the two driving forces.

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