Ethereum is holding its rebound from the $1,529 support zone, with the next technical target set at $1,856. In the cited analysis, that level marks the completion target for the active minor correction ii and matches the top of an earlier wave 2.
Support zone between $1,529 and the lower Bollinger Band
The article says Ethereum turned higher from an area defined by the key support level at $1,529 and the lower daily Bollinger Band. That support had previously stopped the earlier minor impulse wave 1 at the start of June, making it a notable reference point on the daily chart.
After reversing from that zone, Ethereum continued to climb in a steady fashion. The move is described as the active minor correction ii. In simple terms, the market held a level that had already mattered once, then pushed upward again.
Break above the trendline drawn from early May
The same analysis notes that Ethereum recently broke the resistance trendline in place since the start of May. That break is presented as a key technical development, since it adds support to the current recovery structure and shifts attention to the next upside barrier.
Based on the strength of the $1,529 support and what the article calls broadly bullish sentiment across crypto markets on the day, Ethereum is expected to rise toward $1,856. That price is identified as the target for the current corrective phase and the top of the earlier wave 2.
Author view, not investment advice
The source also states that the piece reflects the author's view only. It says the information does not constitute advice or a recommendation, and it urges readers to seek independent professional guidance or conduct their own research before acting on it.