Woofun AI reports that Ethereum’s attempt to breach the $1,812 resistance level was swiftly neutralized by sellers, despite a high-profile endorsement from Eric Trump. The market’s immediate reaction to the political hype was a sharp rejection, with ETH tagging the ceiling before fading to an intraday low of $1,780 and stabilizing near $1,792, reflecting a muted 0.28% gain. This dynamic underscores that while high-profile enthusiasm can accompany price moves, it does not necessarily extend them, as the resistance zone that capped the late-June recovery attempt held firm once again.

The pullback appears orderly rather than damaging, with Ethereum maintaining its position above the falling 50-day SMA at $1,760, a level reclaimed earlier this month for the first time since the May breakdown.

Woofun AI data shows the daily RSI hovering near 57, indicating cooling momentum without a bearish flip. As illustrated in a chart shared on X by Coindoo, the critical area to watch lies 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 this confluence on a daily-close basis, the bullish structure established from the $1,505 low remains intact, characterized by a higher low, a reclaimed average, and a rejection that currently qualifies as a pause.

A break below this technical band would open the door to a deeper retracement, with the first level under the support being the $1,700 shelf. Losing that floor would expose the $1,560 support, which anchored the entire June base. This downside scenario highlights the vulnerability of the current structure if the $1,730 confluence fails to hold, potentially reversing the recent gains and testing the foundational lows of the previous month.

On the upside, the invalidation of the current 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 these decisive closes prints, the market summary remains short. Ethereum received an endorsement from inside the president’s family and a genuine push into resistance on the same day, yet the sellers positioned at $1,812 outweighed both the political hype and the buying pressure.