Ethereum News: Ethereum price is trading near $1,731 after a 13% rebound from the $1,500 support area, the question now is whether the $1,700 level will hold as a lower bound or simply delay another decline. The bounce is real. Whether it has legs is a separate matter.
June non-farm payrolls print resulted in just 57,000 payrolls, versus 110K-115K consensus and well below the downwardly revised 129,000 in May, weakening the US Dollar Index (DXY) enough to lift risk assets broadly, with Ethereum among the beneficiaries.
Market periodicity He pointed to the break of the short-term downtrend from the $1,550 area as a structural shift, not just a comfortable rally. The macro tailwinds and significant bounce are technically in line, but $1,800 remains the level that separates the recovery narrative from the confirmed one.
I just did technical analysis on the jobs report
If I do my math right, by 2028, there will only be one new job available each month pic.twitter.com/IhYSr1EFyy
– Andrew Cohn (@FocusedCompound) July 2, 2026
Ethereum News: Can Ethereum Price Surpass $1,800 and Hold It?
ETH was trading at $1,731, up approximately 0.48% over the previous 24 hours at last check, with the intraday peak during the breakout phase hitting $1,786.09, a single session move of 13.17% at the most extended point.
This peak also represents the first meaningful test of the $1,780 to $1,820 resistance band, an area that has capped multiple recovery attempts since ETH lost the $2,000 handle.
Analysts note that ETH price is now trading above both $1,700 and the 100-hour simple moving average (SMA), with the Relative Strength Index (RSI) holding above 50, a setting that has historically supported a continuation towards $1,800-$1,850. The 4-hour RSI’s bullish divergence, where the indicator’s lows were rising while price lows were falling, provided an early warning signal before this rebound could take place.
Source: ETHUSD / Tradingview
Immediate support layers at $1,650-$1,675, then deeper at $1,575-$1,600, the same area that halted the recent decline. the Citi lowered its ETH price target to $2,240which, although bearish compared to previous estimates, still indicates a significant upside from the current price and establishes an institutional base case above $2,000.
explores: Best Meme Coins You Can Buy for July
Bitcoin Hyper targets early mover positions while Ethereum tests key resistance
ETH price at $1,731 is considered a recovery, not a return. Even the bull case targets, from $1,850 to $2,850, represent incremental moves from an asset that traded at over $4,000 in previous sessions. Cryptocurrency traders are increasingly looking to early-stage infrastructure projects where the valuation gap is wider and asymmetry is more pronounced.
Bitcoin Hyper It is one of the projects that attracts attention. It positions itself as the first Layer 2 (L2) Bitcoin network with Solana Virtual Machine (SVM) integration, a combination that targets Bitcoin’s fundamental limitations: slow settlement, high fees, and lack of programmable smart contracts, without abandoning Bitcoin’s security model.
The pre-sale has raised $32,921,487.36 at a current token price of $0.0136825, with staking bonuses activated for the first participants.
The SVM integration is the standout claim, not only is it faster than Bitcoin’s base layer, but it targets latency performance that the project asserts outperforms Solana’s throughput benchmarks. The decentralized Canonical Bridge handles BTC transfers between layers. The pre-sale phase of infrastructure involves meaningful implementation risk; None of this is guaranteed to happen on the roadmap.
Those who do their due diligence can Find Bitcoin Hyper here.
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Neil is a professional cryptocurrency content writer with years of experience. He has written for numerous cryptocurrency websites to report breaking news, and has been hired by all kinds of cryptocurrency projects, to create content that will increase their exposure and attract more potential investors.
