Is Ethereum (ETH) Going Bullish in 2026?

Ethereum (ETH) recently moved below several multi-day lows, effectively sweeping Sell-Side Liquidity positioned beneath those levels. From a technical perspective, the subsequent behavior remains notable, as price did not continue lower.

Ethereum technical analysis

ETHUSD - 1 Day Time Frame

Rather than extending into further downside delivery, the market stabilized and reacted upward, suggesting a form of absorption. This implies that Sell Market orders were likely met with sufficient Buy Limit interest, limiting continuation of bearish momentum.

Following the liquidity sweep and the subsequent reaction, the market established a key resistance zone that now serves as the primary decision point on the daily timeframe. This zone represents the structural boundary between continued bearish delivery and a potential shift in market behavior. As long as Ethereum remains below this resistance, the bullish scenario remains unconfirmed, and the market may remain exposed to renewed downside pressure.

However, a daily close above this resistance zone could alter the structure meaningfully. Such a development could increase the probability of a Change In State of Delivery (CISD), indicating that the market may be transitioning from reactive absorption toward more constructive bullish conditions.

Ethereum (ETH) price target

If a confirmed daily close above resistance occurs and the level is accepted, Ethereum could extend toward the nearest Buy-Side Liquidity levels by $2,150 and $2,395 as these highs may act as natural upside objectives once bullish delivery begins to strengthen.

Conversely, if resistance continues to cap price and no daily close above the zone is established, absorption alone may not be sufficient to validate a bullish transition. Under such conditions, probability may shift toward another downside phase, potentially remaining confined within the $1,900 and $2,000 range, as the market would still be operating beneath a key structural barrier.