Ethereum Correction Persists as Vitalik Buterin Weighs In on AI Future

Ethereum Price Holds in Correction Phase

Ethereum price continues to face selling pressure even after bouncing from the June low. Recent chart reviews show that this recovery still forms part of a larger correction rather than a fresh bull run. Traders are now focused on key levels that could decide the next big move.

Key Support and Resistance Levels to Watch

Analysts point to several important support zones. These include the <$1,550 level>, followed by <$1,400>, <$1,060>, and <$900>. On the upside, resistance sits at <$1,815>, <$1,926>, <$2,045>, and <$2,226>. Unless price breaks above the first major resistance area, another drop remains likely in the coming weeks.

The current rebound is viewed as a second wave inside a bigger decline. This structure suggests the market could still see one more leg lower later in July or August. Some analysts also note the possibility of an ABC correction pattern before any larger downtrend resumes.

Different Views on Market Strength

Not all traders share the same outlook. One analyst sees building momentum and expects the decentralized finance sector to gain if Ethereum keeps climbing. Positive news around the Clarity Act is cited as a reason for better sentiment. Weak overall market feeling toward Ethereum could also fuel a stronger rally if buying interest grows.

Both views agree on one point. The next move will likely depend on how price reacts around the current resistance zone.

Vitalik Buterin Shares Balanced AI Outlook

Outside of price action, Ethereum co-founder recently spoke about artificial intelligence. He noted that people are split into two main groups. One side expects superintelligence before 2040 without strong efforts to slow progress. The other side treats AI like any normal technology and sees little risk of major problems.

Buterin said he does not fully agree with either view because much remains unknown. This uncertainty leads him to stay open to slowing AI development if clear warning signs appear. He also warned against letting a small number of companies or governments control AI. Instead, he highlighted useful work in areas like cryptography, secure hardware, food security, and pandemic preparedness.

What Traders Should Focus On Next

Ethereum price has not yet shown a clear change in its longer-term trend. This keeps attention on resistance levels and any fresh news that could shift momentum. At the same time, Buterin’s comments remind the community that big technology shifts like AI need careful thought and balanced discussion.

Both the price chart and the AI debate show that uncertainty remains high. Traders and observers will likely watch for clear signals before making bigger moves in either direction.