Ethereum is trading around $1,618, keeping market attention fixed on the $1,500 to $1,650 support zone. Analysts say this area has carried major weight for years. If ETH stays above it, the broader support structure remains in place; if the market starts posting consecutive weekly closes below $1,500, the recovery argument would weaken sharply.
$1,500 remains the line that defines the current setup
A weekly chart shared by Ardi shows that the main issue is not a brief move under $1,500. The larger question is whether Ethereum can keep closing the week above that level. In this reading, as long as that threshold holds, buyers are still defending a region that has mattered repeatedly over the past several years. The same area triggered reactions in late 2023, and the analysis says it may stay important through 2025.
That does not mean upside strength has already returned. Selling pressure is still present. For Ethereum to improve its technical picture, it must first protect $1,500 and then reclaim the nearby resistance band between $1,900 and $2,000. Until that happens, ETH may be hovering near a strong floor, but the market has not confirmed a stronger reversal.
Russell 2000 comparison shows a breakout Ethereum has not matched
Another technical view compares Ethereum’s long-term structure with the Russell 2000 index. In a weekly chart posted on X, James Easton noted that both assets formed rounded bottoms after steep declines and then pushed back toward major resistance. The difference is clear: the Russell 2000 has already broken above horizontal resistance near 2,500, while Ethereum has yet to deliver a similar signal on its own chart.
Under that framework, the Russell 2000 breakout serves as a possible reference point, not confirmation for ETH. Ethereum still needs to move out of its short-term descending channel. A successful break above that pattern would put price back in front of its prior all-time high zone, which stands as the first major obstacle in any larger recovery attempt.
The bigger resistance zone still sits far above the market
On the higher-timeframe chart, Ethereum remains below a prominent resistance region between $4,300 and $5,100. Analysts say that a confirmed move above roughly $5,100 could open the way to less-tested price territory. Even so, current discussions of five-digit ETH prices are framed as long-term and speculative scenarios, not near-term expectations.
For now, the technical sequence is straightforward. First, Ethereum must keep $1,500 intact. After that, the market needs to see whether $1,900 to $2,000 can be recovered.