Ethereum has once again slipped toward $1,850, drawing attention to the $1,750 threshold — a level analysts say could determine the next move.
Chartist Draws Parallel to Early 2025 Pattern
Trader Tardigrade highlighted on a three-day chart that the current zone for Ethereum might mark a bottom. Comparing the latest price structure to a prior pattern seen in early 2025, he noted that ETH then broke below an ascending channel, formed a low, and started a notable recovery. Now, after losing momentum in the $2,300–$2,400 range, the price broke a similar channel and gravitated toward $1,850–$1,900, which Tardigrade identified as likely the last pullback region.
The comparative chart suggests Ethereum may be repeating a cycle: rally, channel formation, breakdown, final low, then recovery. If this scenario plays out, Ethereum could see renewed strength after one more dip. The projection points to a short-term target zone between $3,000 and $3,300, with a broader 2026 range of $6,000 to $6,500. But these projections depend on Ethereum defending its current support. A decisive drop below $1,850 could invalidate this setup, while a recovery above $2,100–$2,300 would reinforce the bullish narrative.
Short-Term Bounce Then Retest of $1,750?
Another analyst, Always Win, expects Ethereum to first experience a short rebound before revisiting lower support. Around $1,845, the price sits below a descending trend line after falling from $1,960 resistance. Nearest resistance clusters between $1,875 and $1,935–$1,940. According to the analyst, ETH might rally to test these zones, but if sellers step in again, the price could retreat toward $1,748 — nearly matching the previous swing low.
This scenario relies on a sequence of rebound, liquidity sweep, and then a sustained bounce. A liquidity sweep happens when price briefly moves beyond prior highs or lows, triggering stop orders and resting trades before reversing. If $1,748 holds, Ethereum could attempt a stronger recovery, potentially targeting resistance near $1,960 again.