Ethereum Price Prediction: With ETH Still Around $1,700, Can Vitalik’s Biggest Upgrade Since the Merge Change the Narrative?

Key highlights:

  • ETH price holds the key $1,750–$1,800 support zone as traders watch for a potential reversal
  • Vitalik’s Lean Ethereum roadmap brings Ethereum’s biggest upgrade since the Merge
  • A break above $2,500 could support a move toward CoinCodex’s $2,687.31 target

Ethereum has become a patience test for a lot of crypto investors. Crypto analyst Crypto Patel said it all when he noted that the price of ETH had remained close to $1,700 during his first foray into trading, at which point he made profit, and that the same price is seen by ETH as talks of a new cycle emerge.

 

Currently, the ETH price is at $1,769, and this prolonged period at a similar price is the reason many traders are looking at Vitalik Buterin’s announcement this week.

The ETH price is holding a key support zone

We had a look at the ETH chart shared by Patel, and the bigger trend is still bearish. Ethereum climbed close to $10,000 during the previous cycle before entering a long decline. From that peak, the ETH price is still down about 82%.

On the other hand, the region between $1,750 and $1,800 has turned out to be the most significant zone for support on the chart. In the last month candlestick, the price fell to around $1,551 and then recovered up to $1,770, forming a long lower wick that usually forms when buyers come to buy the asset actively.

In terms of the short-term, the chart remains the most important thing for traders. The nearest resistance level stands at $2,500. If buyers manage to pass this level, $3,500 becomes the new objective.

If support around $1,750 fails, attention shifts back to $1,500, followed by $1,250 and $1,000. That leaves the ETH price in an interesting position. Ethereum is trading near one of its strongest historical support areas at the same moment developers are preparing the network’s largest transformation in years.

Vitalik plans Ethereum’s biggest overhaul since the merge

The chart is only half of the story. Vitalik Buterin has introduced what he calls Lean Ethereum, a roadmap that will rebuild many of the network’s core systems over the next three to four years.

Butering described it as Ethereum’s biggest upgrade since the Merge, and that is probably a fair comparison. The plan includes native recursive STARK verification, quantum-resistant cryptography, redesigned state storage, multidimensional gas pricing, faster consensus, and privacy becoming a built-in feature of the protocol.

One of the more interesting goals is transaction costs. Developers are exploring new storage models that could reduce fees for some applications by more than 10x, without forcing existing decentralized apps to rewrite everything from scratch.

None of these changes are expected to move the ETH price tomorrow morning. Most of the work stretches well into 2029, and the upgrades will arrive gradually instead of in one giant launch.

Can ETH finally break out?

For traders, the answer is simple: Ethereum needs to reclaim $2,500 before the bearish monthly structure starts changing. Until that happens, every rally is still fighting against a longer-term downtrend.

According to CoinCodex’s ETH price prediction, the price could trade around $2,687.31 over the next month, pointing to a potential recovery if buyers manage to keep defending the $1,750–$1,800 support zone and build enough momentum to break above the $2,500 resistance level.

For now, patience is still part of the trade. The ETH price has spent a long time around the $1,700 zone, but the next phase of Ethereum’s development may determine whether this period becomes a major long-term base or simply another stop in the broader bear market.

 

Source:: Ethereum Price Prediction: With ETH Still Around $1,700, Can Vitalik’s Biggest Upgrade Since the Merge Change the Narrative?

Updated: July 6, 2026 at 2:48 pm
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