- ETH holds $1,560 as demand zone defends price floor
- Wyckoff pattern hints at Phase D breakout ahead
- $1,810 marks key level for bullish ETH momentum
Ethereum has fallen back into a historical demand area following its failure to maintain the broader macro range between $2,196 and $3,900. After a sharp retracement, ETH wicked into the top of this demand zone before facing rejection, turning the upper boundary into new resistance. This pattern mirrors price behavior seen in mid-2023, and the market is now watching closely to see whether support will hold at the lower boundary of this key zone.
Ethereum Price Action Respects Historical Demand Area
According to analysis prepared by Crypto Patel, Ethereum is currently holding the lower boundary of its historical demand zone after dropping from the macro range between $2,196 and $3,900. The light blue demand zone acted as a base during the 2023 recovery, and recent price movement suggests it may again provide key support.
A brief downside wick below the zone has since been followed by a stabilization near $1,560, signaling that buyers are attempting to defend the structure.Ethereum’s reaction to this area mirrors patterns seen in 2023. The top of the zone has now flipped into resistance following rejection, while the lower boundary could serve as a platform for recovery.
The formation aligns with the Wyckoff Accumulation model as described by analyst Crypto Patel, who noted that holding above $1,500 may lead to entry into Phase D, marked by gradual upward movement.
Technical Indicators Signal Cautious Momentum
According to an observation by Ali on X, Ethereum reclaimed the $1,574 level, and this remains a crucial support for maintaining bullish structure. If sustained, it could allow price to retest the $1,810 resistance.
Breaking above that level with volume may shift market sentiment and set the stage for a move toward $2,000.Meanwhile, Glassnode data indicates Ethereum is trading within a tight $1,548–$1,599 range, where over 1.5 million ETH were accumulated.
This shows a concentration of buyers and sellers in the current zone. With macroeconomic pressures lingering, Ethereum’s near-term path remains tied to whether bulls can defend the light blue historical demand area and reclaim resistance levels.
