Ethereum is still trading above $1,770, though short-term charts are showing rising pullback risk. Analysts say the $1,770 to $1,800 area has become the key zone for near-term direction. If ETH loses $1,770, demand could weaken and the next downside level would come into focus near $1,700.
On the upside, bulls need a decisive move above $1,820 to improve sentiment and lift Ethereum out of its current consolidation range. Market observers said a strong push through that barrier would help restore bullish confidence, while repeated rejection could leave the market stuck in sideways trade or facing extra selling pressure.
$1,850 remains the key level for double-bottom confirmation
Technical analyst Aksel Kibar said Ethereum may be forming a short-term double bottom on the price chart. The pattern usually appears after a steep decline, when price makes two similar lows and then attempts to push into resistance, hinting that selling pressure may be easing.
The setup is not confirmed yet. According to the analysis, Ethereum needs to move above the neckline near $1,850. If that happens, the rebound could extend toward $1,950 and potentially $2,000. Until then, the double-bottom case remains preliminary.
Accumulation phase nears 1,900 days
Market commentator Jesse Peralta noted that Ethereum is approaching 1,900 days in its current accumulation phase. He compared that stretch with the only previous accumulation period of similar importance, which lasted 721 days before a major expansion followed.
That longer-term view keeps attention on a much higher breakout area at $4,000 to $4,200. Before that becomes relevant, ETH would still need to reclaim $1,850 and then $2,000. Those levels are being treated as the key steps for strengthening the medium-term bullish structure.
TD Sequential flashes a sell signal near the channel top
Ali Charts reported that Ethereum is testing the upper boundary of its short-term channel while the TD Sequential indicator has printed a sell signal. That raises the chance of a correction back toward $1,770. If sellers stay active, $1,700 is the next support level on the downside.
For short-term traders, the structure is straightforward. Holding above $1,770 would help limit downside pressure; a break under $1,700 would damage the current bullish setup. At the same time, the ETH/BTC pair is attempting a modest reversal after a long stretch of underperformance. Kibar said that move could point to early capital rotation back into Ethereum after several months of weakness.
The levels in focus for the coming days are clear: $1,770 as primary support, $1,700 as the next downside target, $1,850 as the double-bottom confirmation area, and $1,950 plus $2,000 as recovery targets. Price action around those zones is likely to shape Ethereum’s next directional move.