Points of Focus

• ETH trades at $1,968, up roughly 6% since a bearish sentiment signal on July 24.
• The same signal preceded rebounds of 14% and 7% on its last two readings.
• The price now holds above every MA from the 10-day through the 100-day.

Ether (ETH) traded at $1,968.41 as of Monday, up 0.79% on the session, after opening at $1,952.98 and reaching a high of $1,976.52 against a low of $1,934.60, per TradingView data.

The move puts ETH within striking distance of $2,000 for the first time since early June, three days after a contrarian sentiment signal fired for the third time in a month, and it arrives alongside a moving average (MA) stack that has turned more broadly bullish than at any point since ETH’s slide below $2,000 in February.

Sentiment turns bearish for a third time

Santiment’s positive-versus-negative commentary ratio for Ethereum across X, Reddit, Telegram, and other channels turned bearish on July 24, when ETH traded near $1,860, the third such reading in the past month. The prior two instances, June 27 and July 15, were followed by ETH rebounds of 14% over the next seven days and 7% over the next four days, respectively, according to the same chart’s annotations.

🧊 Ethereum’s positive vs. negative commentary ratio has turned very bearish for the 3rd time in the past month across X, Reddit, Telegram, and other crypto channels. That sounds ugly on the surface, but for $ETH this kind of crowd frustration during price weakness has repeatedly… pic.twitter.com/IV4do1wJqg

— Santiment Intelligence (@SantimentData) July 24, 2026

By Monday, three days after the latest reading, ETH had already climbed to $1,968.41, roughly 6% above the $1,860 level where the signal fired. That puts the current move in line with the prior two instances before the standard multi-day window Santiment cites has even closed. The June 27 dip preceded a 14% rebound over the following seven days, while the July 15 reading preceded a smaller 7% move over four days, a pattern of diminishing but still positive returns on each occurrence.

Santiment’s own framing is careful on this point: Negative sentiment does not guarantee an instant reversal. The company’s more precise claim is that persistent bearish crowd positioning alongside continuing exchange-traded fund (ETF) flows, layer-2 activity, and protocol development has produced a cleaner setup for a turnaround on its last two occurrences, not a guarantee it repeats a third time.

The chart itself frames the signal as a contrarian one: when traders are loudly giving up on Ethereum. At the same time, the underlying infrastructure metrics stay active; the asset has historically gotten a cleaner setup for a turn before the crowd feels comfortable again.

Technical levels to watch

Ether’s daily candle printed an open of $1,952.98, a high of $1,976.52, a low of $1,934.60, and a close of $1,968.41, per TradingView’s technicals panel.

The MA stack has shifted: The 10-day exponential moving average (EMA) sits at $1,902.36 and 10-day simple moving average (SMA) at $1,902.73, the 20-day EMA at $1,862.98 and 20-day SMA at $1,859.27, the 30-day EMA at $1,840.21 and 30-day SMA at $1,804.28, the 50-day EMA at $1,841.08 and 50-day SMA at $1,754.89, and the 100-day EMA at $1,933.89 and 100 day SMA at $1,957.44, all 10 readings bullish. Only the 200-day EMA at $2,180.61 and 200-day SMA at $2,134.40 remain downward signals; the last layer of resistance is still overhead.

Oscillators lean constructive without flashing overbought.

• The relative strength index (RSI) reads 64.73, and the average directional index (ADX) reads 23.80, both neutral.
• The moving average convergence/divergence (MACD) level reads 46.91, and momentum (10) reads 126.99, both upward signals.
• Stochastic %K at 83.46, the commodity channel index at 136.01, Stochastic RSI fast at 58.86, Williams percent range at negative 4.54, bull bear power at 131.85, and the ultimate oscillator at 57.29 all sit neutral, an 11-indicator panel that supports the move without yet confirming a trend extension.

Support sits at the 100-day EMA near $1,934, with the 10-day EMA and Hull MA at $1,902.36 and $1,921.75 as secondary levels below that and the 50-day EMA at $1,841.08 as a deeper floor if the bounce fails. Resistance sits at the 200-day EMA and SMA cluster between $2,134 and $2,181, the zone that separates the current bounce from a genuine trend change.

That cluster has capped every recovery attempt since ETH broke below it in February, making it the more meaningful test than the psychological $2,000 level the headline price is approaching first. A close above $2,181 would clear the last MA standing between ETH and its next resistance test. A drop back below $1,902 would put the sentiment-driven bounce on the defensive.

What comes next

The pattern Santiment flagged has held up twice this year and is tracking in the same direction a third time, but the technical setup underneath this instance differs from the prior two. ETH’s having cleared 10 separate MAs by Monday is a stronger underlying structure than either the June 27 or July 15 dips carried at the same stage, for anyone checking the historical parallel against the chart rather than the sentiment call alone.

The 200-day MA cluster near $2,134-$2,181 is the level that actually tests whether this becomes the third confirmed instance or stalls short of it. Santiment’s own hedge, that ETF flows and protocol activity matter alongside the sentiment reading, means the next data point worth checking is whether institutional demand is actually accelerating or merely holding steady. At the same time, price does the work on its own.