- Ethereum reclaimed $1,750 support, marking a possible shift in short-term market structure.
- A triple bottom pattern and strong support near $1,550 suggest continued accumulation by buyers.
- ETH must break above $2,200 to confirm a bullish trend and target further gains toward $2,300.
Ethereum’s recent rebound from the $1,550–$1,670 zone has led to a renewed interest among traders and investors. The price has reclaimed $1,750, a level not held since December’s drop below $4,000. While ETH shows signs of strengthening, its broader plan remains unchanged.
Ethereum Trades Near $1,800 Amid Strong Support Zone
At press time Ethereum traded around $1,830 after gaining back positions it had lost when prices hovered near $1,500. The area between $1,550 and $1,670 has acted as a reliable support, with multiple price bounces signaling strong buying pressure. This suggests market participants are still accumulating ETH during dips.
According to a post by analyst Ali on X, a triple bottom pattern could be forming. This is typically associated with trend reversals, although confirmation requires a steady move above $1,800. ETH recently broke the resistance between $1,700 and $1,800. A daily close above this range could further support a shift in the market structure.
Crypto trader DaanCrypto noted, “The $1,750 break was the first retake of a previous support level since losing $4K back in December.” He added that Ethereum must now continue upward to maintain this change in market direction.
Resistance Levels and Institutional Support Remain in Focus
Ethereum faces the next resistance levels at $1,950 and $2,200. Analyst MarzellCrypto stated on X, “Ethereum needs to close a daily candle above the orange zone at $2,200 to confirm the continuation of the bullish trend.” A move above these levels could push the price toward $2,300 or higher.
While technical indicators remain mixed, institutional participation has increased. According to reports, entities such as BlackRock and Fidelity are using Ethereum for asset tokenization.
Traders are now watching the $1,750–$2,100 range. Holding or breaking each level could guide Ethereum’s next move. The price structure shows early signs of strength. However, ETH must maintain key levels and build volume to support a sustained trend.
