Ethereum price prediction: Can $1,749.55 resistance hold as ETH climbs 2.43%?

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Ethereum up 2.43% today on upgrades

Highlights

Ethereum introduced quantum-resistant SPHINCS+ signatures, enabling advanced account security for only $0.07 per user without requiring a hard fork.
The upgrade leverages hash-based cryptography, addressing long-term resistance against quantum threats and reinforcing Ethereum’s credentials as a resilient smart contract platform.
ETH/USD demonstrates strong short-term bullish momentum, with a high probability of trading between $1,685.09 and $1,749.55 over the next two days.

Upgrade adoption lifts confidence as quantum security concerns mount

On June 14, researchers introduced a major technology upgrade allowing Ethereum users to secure their accounts with quantum-resistant SPHINCS+ signatures at a cost of roughly $0.07 per account, without the need for a network hard fork. This development leverages hash-based cryptography to address mounting concerns over the long-term security of ECDSA signatures in the face of quantum computing advances, enabling contract-level implementation and enhancing the robustness of Ethereum’s ecosystem. The upgrade significantly boosts confidence among users and developers by providing forward-looking protection and reinforcing Ethereum’s position as a resilient smart contract platform.

Bullish signals strengthen as overbought risk emerges on mixed momentum

ETH/USD is currently trading above the MA-20 ($1,689.99) and MA-50 ($1,682.46) levels on the H1 timeframe, with the long-term MA-200 remaining well above at $2,408.96. Immediate support is found at the Ichimoku Kijun level of $1,693.97. Intraday momentum indicators such as MACD and ADX both issue Buy signals, with RSI at 69 and CCI also signaling Buy—suggesting strong bullish bias but indicating potential overbought risk. The Stoch RSI is Neutral, BBP is in an overbought state highlighting prevailing buyer strength, while the Awesome Oscillator is Neutral, demonstrating some divergence among short-term momentum indicators.

Upward breakout favored as volatility band constrains short-term range

In the short term, ETH/USD is likely to remain in a range between $1,685.09 and $1,749.55. The probability of an upward breakout is very high (over 80%), while a downward move is considered unlikely (below 20%). The baseline scenario calls for the price to trade sideways near current levels; a bullish development would see ETH/USD extend gains above the upper boundary of the volatility band, while a break below the support area marked by the Ichimoku Kijun and the range low could trigger consolidation or further downside.

Anton Kharitonov, analyst at Traders Union, sees the recent quantum-resistant upgrade as a key sentiment booster for Ethereum, but remains cautious given technical overextension and mixed short-term signals. He notes intraday momentum supports further upside, yet warns the market is showing signs of exhaustion and ETH remains well below its long-term moving average. The base case is for consolidation, with breakout odds favoring the bulls but not guaranteed. "For now, I stay defensive — unless ETH/USD sustains a clear break above $1,749.55, upward moves remain fragile and exposed to profit taking."

Earlier, analysts noted that Ethereum’s outlook was shaped by cautious optimism, with mixed technical momentum amid persistent geopolitical and regulatory headwinds. The recent introduction of quantum-resistant security measures adds a significant layer of resilience to the network, and with intraday bullish signals prevailing, traders should closely monitor for a decisive breakout above $1,749.55 as a near-term trigger for further gains.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.