Ethereum is hovering around $1,579, extending its recent weakness. Analyst Ted Pillows notes that the asset has revisited its recent lows, with momentum remaining subdued. He identifies $1,750 as the primary resistance level — if Ether can break and hold above this zone, a relief rally toward $1,980 to $2,000 could develop. The next significant supply region sits near $2,079, posing an additional challenge for bulls.
Pillows states: “Reclaiming $1,750 as support could pave the way for a recovery toward the $1,980-$2,000 band.”
Conversely, failure to clear $1,750 means any upward moves will likely be short-lived. The price could slide back to test $1,560, and if weakness persists, a further pullback to $1,500 or even $1,370 may occur.
Volume Zone Becomes Decision Point
On-chain analyst Ali Charts points out that Ethereum has been trading inside a major volume block between $1,584 and $1,683. Roughly 4 million ETH have changed hands within this range, making it a critical decision zone for the market's next move.
If Ether can hold this volume zone as support, renewed upside potential could target $1,980 and $2,079. However, a drop below $1,584 and failure to reclaim that level would indicate a weakening structure, raising the likelihood of renewed pressure toward the $1,500 and $1,370 support areas.
Large Holders Turn to Losses, Market Stress Mounts
Analyst Darkfost's assessment reveals that the unrealized profit ratio of large Ethereum wallets has turned negative. Major investors are now sitting on losses, creating stress similar to capitulation scenarios seen in previous cycles, such as in 2019.
Darkfost comments: “The transition of large holders into losses does not necessarily mean a bottom is imminent for Ethereum, but it does highlight a significant area of stress.” In this framework, the $1,584 to $1,500 range remains important short-term. If selling pressure intensifies, the wider $1,370 to $1,070 band could become the next major buy zone. Analyst Cyclop sees strong demand building there, while others suggest keeping an eye on the $1,300-$1,200 levels over the longer term.
For now, the most decisive bullish signal for Ethereum would be holding the $1,584-$1,683 support zone, followed by a successful retest of $1,750. Until those milestones are reached, any rebound is likely fragile. On the downside, $1,500 and $1,370 are crucial; the $1,980-$2,000 area remains the main upside target for sustained strength.