Ethereum price has followed the early stages of Tony Research’s outlook, but the analyst believes the more important move could still be ahead. ETH has completed its wedge breakout and returned to test the former resistance area. That successful retest keeps the current recovery structure intact, even though several weekly indicators remain cautious.
Tony Research expects Ethereum to retain enough strength for another push toward $2,000. However, his wider outlook includes a final correction within the next 30 to 90 days. The combination creates a difficult setup where ETH could climb first before entering a deeper decline.
Tony Research explained that Ethereum price broke above a wedge formation and returned to test the breakout area. That retest has now been completed, which means the first part of his forecast has developed as planned.
The next part involves a possible liquidity sweep near $1,804. Such a move would allow ETH to trade below nearby support and remove leveraged positions before attempting another recovery. A liquidity sweep does not guarantee an immediate rebound, but it can explain a brief move beneath an obvious support level.
The analyst identified 2 potential buying regions beneath the current structure:
- The first ETH zone extends from $1,720 to $1,800.
- The second ETH zone extends from $1,680 to $1,744.
Tony Research previously assigned a low probability to Ethereum reaching the second region. He also noted that ETH might not enter the first region because Ethereum has displayed greater relative strength than Bitcoin.
His conservative Ethereum price target remains $2,000. A stronger Bitcoin price recovery could expand that target. Bitcoin reaching between $70,000 and $72,000 could give ETH enough support to pursue the $2,100 to $2,200 region.
$ETH UPDATE
— Tony Research (@TonyResearch_) August 7, 2026
My local view on #ETH
So far, everything is going according to plan:
1. We broke out of the wedge and are now retesting it (DONE)
2. Liquidity sweep at $1,804 (LOANDING?)
3. First long zone: $1,720/$1,800
4. Second long zone: $1,744/$1,680
5. Conservative target:… https://t.co/SaTPGqXpFq pic.twitter.com/zKIKWuqxJv
What you'll learn 👉
Tony Research Expects a Final Ethereum Correction Within 90 Days
Tony Research’s near term target does not remove the possibility of a larger decline. The analyst expects a final correction to begin sometime during the next 30 to 90 days.
That forecast means Ethereum price could follow 2 separate phases. ETH may first complete its recovery toward $2,000 or higher before weakening during the projected correction. Price performance around the identified long zones could offer more information about which phase has started.
Tony Research also referenced his June 30 ETH outlook, when he targeted the $1,950 to $2,000 region. Ethereum later moved toward that area, which supported the earlier setup.
The analyst remains careful about proposing an aggressive entry because ETH could still revisit lower levels. His 2 zones provide broad areas to watch instead of one precise price that may never be reached.
Weekly Ethereum Indicators Still Favor a Cautious Outlook
The weekly indicators provide a mixed picture, although 3 of the 4 readings currently carry a sell action. Each indicator measures a different part of Ethereum’s market structure, so the combined reading matters more than any single number.
RSI at 43.822 carries a sell reading. The Relative Strength Index measures price strength on a scale from 0 to 100. A reading below 50 means sellers retain a modest advantage. ETH is not deeply oversold at this level, so the indicator leaves room for further weakness before reaching an extreme condition.
Read Also: What $10,000 in XRP Today Could Be Worth by Late 2027
MACD at negative 274.51 also carries a sell reading. MACD compares shorter and longer price trends to measure direction and momentum. The negative value shows that the broader weekly trend remains weak. Ethereum would need a sustained recovery before this indicator could support a more positive outlook.
The Ultimate Oscillator at 47.044 produces another sell reading. This indicator studies buying pressure across multiple periods. Its position below 50 shows that buying strength has not taken firm control. The reading remains close enough to neutral that a strong ETH move could improve it, though confirmation has not arrived.
Bull and Bear Power at 16.016 carries the only buy reading. This indicator compares bullish and bearish pressure against an exponential moving average. Its positive value shows that buyers still have some power despite weakness across the other weekly indicators.
| Name | Value | Action |
|---|---|---|
| RSI, 14 | 43.822 | Sell |
| MACD, 12 and 26 | negative 274.51 | Sell |
| Ultimate Oscillator | 47.044 | Sell |
| Bull and Bear Power, 13 | 16.016 | Buy |
Ethereum price remains caught between a completed bullish breakout retest and cautious weekly indicator readings. Tony Research still sees room for ETH to target $2,000, with $2,100 to $2,200 possible if Bitcoin reaches $70,000 to $72,000.
The projected correction within 30 to 90 days remains the main risk behind that recovery case. Ethereum’s behavior near $1,804 and the 2 lower zones could reveal whether buyers can extend the rebound or whether the expected final decline has already begun.
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