- Ethereum eyes $1,810 as a key support within the $1,930–$2,100 FVG zone, setting the stage for a bullish reversal toward $3,400.
- A broken descending trendline and strong recovery from April lows suggest fading bearish momentum and a possible structural shift.
- ETH’s price action remains volatile but shows potential for a rally to $4,000–$5,000 if the $1,800 bullish order block holds firm
Ethereum is showing early signs of a potential correction as it retreats from the $2,500 resistance level. Currently trading at $2,486.50, ETH is down 1.84% on the day. This decline follows strong rejection from the $2,500 fair value gap (FVG) zone. Analysts believe a retracement toward the $1,930–$2,100 FVG is now in play. Notably, this range aligns with a strong bullish order block near $1,810, considered a high-probability re-entry zone.
Descending Trendline Broken, Market Structure Shifting
Since peaking at $4,000 in December 2024, Ethereum has experienced a prolonged downtrend. The sell-off intensified in Q1 2025, with ETH plunging from $3,200 to $1,400 by mid-April. However, April sparked a dramatic turnaround. A large green candle pushed the price from $1,800 to $2,700, breaking a long-standing descending trendline.
Source: Crypto Patel
Besides this breakout, Ethereum’s structure has begun shifting. The price is now trading within a wide range between $1,800 and $3,200. The broken trendline suggests that bearish dominance may be fading. Current levels reflect a neutral consolidation phase rather than strong bullish continuation.
Critical Zones to Watch in Coming Weeks
Several key technical zones remain in focus. The $1,810–$2,100 area combines both an FVG and a bullish order block. Hence, this zone could act as a strong support in the short term. If Ethereum finds support here, bulls may regain momentum. Consequently, analysts forecast a possible rally toward $3,400 by August 2025.
Moreover, overhead resistance sits at $2,800 and $3,200, where previous support flipped into resistance. These “-OB” levels could limit upside if volume fails to build. Additionally, the lowest point on the chart—$1,390 in April—marks a critical historical level.
The current pullback seems corrective rather than trend-breaking. However, Ethereum needs to hold the $1,800 zone for a bullish case to remain intact. If demand strengthens here, a rally to the $4,000–$5,000 zone remains achievable.
