- Ethereum probes the $1,800 support level and discovers a higher bottom, reflecting a consistent bullish trend despite market changes.
- Ethereum mirrors its 2018-2021 trendline by a three-stage cycle in forming the groundwork for a likely breakout above the $4,400 roof.
- With Iranian-Israeli tensions rising, Ethereum is building support off trendlines and becomes stronger above $2,400.
Ethereum is supporting the crucial technical levels as it trades at $2,404.20, showing strength as the world becomes uncertain. Even with geopolitical uncertainty between Iran and Israel, the cryptocurrency has remained stable and still indicates a possible upside reversal.
Ethereum Retests Important Support But Maintains Bullish Setup
Ethereum fell 4.91% in its most recent monthly candle, hitting a low of $2,119.18 and a high of $2,878.71. This dip tested the $1,800 support level, aided by a multi-year trendline dating back to 2022. Ethereum has respected this shape numerous times, cementing its worth through a number of market cycles.
The same support is now the origin of a higher low, containing Ethereum in a bigger bullish trend. Interestingly, Ethereum was double rejected by the $4,000–$4,400 resistance zone, initially in 2021 and more recently in early 2024. The area has consistently capped momentum, establishing an apparent ceiling that bulls have to break.
The analyst Merlijn The Trader explains that Ethereum’s recent bounce from $1,800 aligned precisely with intersecting horizontal demand and ascending trendline support. As the price holds this higher low, the structure remains technically intact. This setup puts Ethereum on a potential breakthrough if it can overcome the $2,878 mid-range resistance mark.
Ethereum’s longevity is especially impressive given the rising geopolitical tensions between Iran and Israel. While traditional markets usually react negatively, Ethereum has retained its strength and continues to show demand at critical levels.
Chart Cycles Suggest Ethereum Is Repeating Historical Pattern
Ethereum’s price action appears to mirror its 2018–2021 macrostructure three-phase cycle of correction, recovery, and pullback. The current pattern began with a 2022 low at $880, followed by a 2024 rally to $4,100, and then a pullback to $1,530. This mirrors the $85–$240–$4,900 sequence from the prior cycle.
According to another view by market analyst Caesar, Ethereum’s structural rhythm is creating conditions for a strong upward phase. If price reclaims $2,878 and holds above $3,200, Ethereum could revisit $4,400 and approach five-digit valuations. Still, the path remains dependent on confirmation through price action and monthly closes.
Source: (X)
Ethereum has bounced, held structure, and faced strong resistance—yet the pattern continues to build. With each test of support, conviction grows. Ethereum is writing a familiar story, one phase at a time.
