Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereumremains under pressure in a key support zone, teetering between a potential rebound and further decline. While bullish patterns like the cup-and-handle and ascending triangle are shaping up, confirmation is required before any decisive move. Last Defense Zone: $2,274–$2,104 And The Libra Reversal Setup
Kamile Uray sharedthat Ethereum is currently trying to hold above the critical support zone between $2,775 and $2,623. This area has become a key battleground for bulls and bears, with buyers attempting to defend it to prevent further downside. If this support continues to hold, ETH could regain short-term stability and make another attempt to move higher. Related Reading Ethereum Loses Structure After $3,220 Rejection — Is This Distribution Or Just The First Crack? 5 days ago
On the upside, a sustained bounce from this zone could allow Ethereum to revisit the pink box resistance around the $3,445 level. A clean breakout above this resistance would activate bullish structures such as a cup-and-handle or an ascending triangle, signaling growing bullish momentumand opening the path toward the $3,894 level. However, this becomes possible if ETH manages to close above the $3,661 peak, confirming the formation of the first major high. Source: Chart from Kamile Uray on X
The $3,894 level carries technical significance, as it represents the 0.618 Fibonacci retracement of the most recent downward wave. A decisive close above this level would suggest continuation of the recovery. Failure to hold above it, however, could trigger renewed selling pressure and lead to another corrective move lower.
On the downside, if Ethereum loses the $2,623 support, a deeper decline toward the pink box zone between $2,274 and $2,104 would become likely. This area is notable for the potential formation of a bullishLibra pattern. Should reversal confirmation emerge from this zone, ETH could attempt another recovery phase, with the broader objective of retesting its previous highs. Waiting For Confirmation: ETH’s Next Move Depends On Price Action
Ethereum is currently following the trajectory outlined by Crypto Candy in a recent updateon X. As predicted, the asset dipped into the lower supportrange between $2,600 and $2,700 and is now attempting to stage a recovery from the zone. Should this upward momentum persist, the immediate objective for bulls is a return to the $3,070 level. Related Reading Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally 6 days ago
However, for Ethereum to firmly re-enter bullish territory and shift the broader market structure, it must close decisively above the $3,070 threshold. This level serves as the primary gateway for any sustained recovery beyond the current relief rally. Until that breakout occurs, the prevailing market bias remains firmly bearish, as the failure to reclaim and hold above $3,070 suggests that the path of least resistanceis still to the downside , with lower price points remaining the primary expectation for the short term. ETH trading at $2,885 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Pexels, chart from Tradingview.com