Ethereum Rejected at Resistance Despite Eric Trump Hype

The post from the president’s son landed while Ethereum was pressing into overhead supply, and the market’s answer arrived quickly. ETH tagged $1,812, sellers absorbed the push, and price faded to an intraday low of $1,780 before stabilizing near $1,792, up a muted 0.28% at the time of writing. High-profile enthusiasm accompanied the move; it did not extend it. The resistance zone that capped the late-June recovery attempt held again.

ETH is pumping hard! Great to see!

Crypto is the future… pic.twitter.com/eROvMAqxlZ

— Eric Trump (@EricTrump) July 11, 2026

The pullback so far looks orderly rather than damaging. Ethereum remains above its falling 50-day SMA at $1,760, reclaimed earlier this month for the first time since the May breakdown, and the daily RSI near 57 shows cooling momentum without a bearish flip.

As seen on the chart, shared in X by the owner of Coindoo, the area to watch sits just below the current price, where the 50-day SMA converges with the 0.236 Fibonacci retracement of the June decline – around $1,730. As long as ETH holds that confluence on a daily-close basis, the bullish structure from the $1,505 low remains intact: a higher low, a reclaimed average, and a rejection that so far qualifies as a pause.

#Ethereum failed to break above the resistance zone.❌

Price was rejected and is now pulling back.📉

The key area to watch is the confluence of the 50-day SMA and the 0.236 Fib level, which could act as strong support.✅

As long as that level holds, the bullish structure… pic.twitter.com/KgtBIo9SoK

— Filip Vantchev (@FilipVantchev) July 12, 2026

A break below it opens the door to a deeper retracement. The first level under the band is the $1,700 shelf, and losing that exposes the $1,560 support that anchored the entire June base. On the upside, the invalidation of the rejection is equally clear: a daily close above $1,812 could put the $1,880 zone in play, with the 100-day average near $2,012 as the larger target.

Until one of those closes prints, the summary is short. Ethereum got an endorsement from inside the president’s family and a genuine push into resistance on the same day, and the sellers positioned at $1,812 outweighed both.

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