Ethereum has entered the second half of 2026 with strengthening technical signals after two consecutive losing quarters. According to a recent technical analysis, ETH reversed from a support zone around $1,529—a level that halted the previous minor impulse wave 1 earlier in June—and has since broken above a key resistance trendline from May. This bullish reversal is expected to carry the price toward the next resistance at $1,856, which represents the target for the active minor correction ii and the top of earlier wave 2.
Meanwhile, broader market analysts are eyeing a potential return to the $2,000 psychological level. Historical seasonality suggests that Ethereum typically delivers positive average returns in the third quarter, and the ETH/BTC ratio has broken above its recent consolidation range, signaling improving relative strength. Fundstrat’s Tom Lee noted that Ethereum’s monetary narrative could gain traction in the second half of 2026. However, analysts caution that sustained buying pressure is needed for ETH to reclaim and hold above $2,000.
