Crypto analyst Ali Charts has identified Ethereum's $1,100 price level as a historic buy zone that has repeatedly sparked major market rallies. According to Ali Charts, every successful test of this support since 2021 has attracted strong buyer demand, making it one of the most significant levels for long-term investors.
Ethereum currently trades near $1,570 after an extended market correction. Although the asset remains well above the highlighted support, continued weakness has brought it closer to an area that has historically marked the end of major declines. The analyst notes that Ethereum's long-term weekly chart continues to follow a broad trading channel that has contained price action for several years. Consequently, the lower boundary near $1,100 has become the primary level investors are monitoring for signs of renewed buying interest.
Key Recovery Targets if Support Holds
Ali Charts explained that a successful defense of the support could provide a clear framework for long-term accumulation. The weekly chart shows each return to the lower boundary of the long-term channel has produced strong buying pressure and eventually led to sustained price recoveries. According to the analysis, approximately $3,000 is the first upside objective if buyers defend the support. That level represents the midpoint of the long-term channel and could become an area where investors gradually secure profits as momentum improves.
Upper Channel Near $5,000 as Macro Target
Additionally, the upper boundary of the channel sits near $5,000. Ali Charts noted that this level aligns closely with Ethereum's previous cycle highs and serves as the broader macro target if the long-term channel remains intact. Despite the optimistic outlook, the bullish scenario depends entirely on buyers maintaining control around the historic support. A sustained weekly close below $1,100 would invalidate the existing channel and increase the likelihood of a different long-term market structure.
Ethereum continues to trade above the critical support zone, leaving market participants closely watching whether the coming weeks produce another successful defense similar to previous market cycles. Ali Charts emphasized that the repeated pattern strengthens the significance of the $1,100 region within Ethereum's broader market structure. Another successful retest could reinforce the existing trend channel instead of signaling a structural breakdown.
Short-term volatility remains, and traders should pay attention to volume patterns around the $1,100 area. A high-volume bounce would increase confidence, while a low-volume breakdown could signal weakness. For now, Ethereum remains above its most important long-term technical support level, awaiting the next directional move.