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Ethereum price holds $1,750 as Middle East tensions and $1,800 wall cap recovery
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Jul 09, 2026
Ethereum price has remained pinned near $1,750 after renewed Middle East tensions triggered a risk-off mood across financial markets and sellers once again defended the $1,800 resistance zone.
According to data from crypto.news, Ethereum price traded around $1,756 on Wednesday after failing to sustain multiple attempts above $1,800 during the past week. The latest rejection followed U.S. airstrikes on Iranian military targets after Iran reportedly fired on civilian shipping near the Strait of Hormuz, sending investors toward traditional safe-haven assets and limiting demand for cryptocurrencies.
The conflict also disrupted diplomatic efforts that had already paused during Iran’s official mourning period for Supreme Leader Ali Khamenei.
At the same time, regulatory uncertainty in the U.S. has discouraged fresh institutional positioning. The Securities and Exchange Commission updated its 2026 rulemaking agenda on July 7 and July 8 with three cryptocurrency proposals covering safe harbors, broker-dealer capital requirements, and alternative trading systems.
While the framework offers more regulatory clarity than enforcement-led oversight, major investors continue to await the fate of the CLARITY Act before deploying additional capital into digital assets.
Ethereum remains trapped between strong support and heavy resistance
Ethereum’s price structure continues to compress inside a well-defined range. The 4-hour chart shows repeated failures near the $1,850 resistance area, while buyers have repeatedly defended support around $1,750. The latest rejection formed after ETH completed another rounded recovery pattern but stalled below horizontal resistance, extending a trading range that has dominated price action for several sessions.
According to crypto analyst Daan Crypto Trades, “ETH Rejected at $1800 for the fourth time this last week. This resistance has held every single attempt so far… Below, this $1750 region remains key.” His chart identifies $1,750 as the lower boundary of the current range, with a decisive move beyond either level likely to determine Ethereum’s next directional trend.
Daily technical indicators present a mixed picture. Ethereum has reclaimed a descending trendline that capped prices since May and continues to trade above the 78.6% Fibonacci retracement level near $1,703.
Chaikin Money Flow remains positive at 0.08, suggesting capital continues to enter the market, while the Aroon Up reading remains dominant. Momentum, however, has slowed as the 4-hour MACD histogram turned negative and the RSI eased toward the neutral 50 level after briefly approaching overbought territory earlier this month.
Derivatives positioning also argues for continued volatility rather than an immediate breakout. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting between roughly $1,770 and $1,780, with even larger concentrations extending toward the $1,800-$1,850 region. A sustained move through those levels could trigger cascading liquidations and accelerate upside momentum.
Sources >> Ethereum price holds $1,750 as Middle East tensions and $1,800 wall cap recovery
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