At present, Ethereum is withstanding above critical support levels after unstable weeks, but it continues to fight with the restoration of key resistance zones. The bulls managed to restore the impulse, helping ETH stabilize above 1700 dollars. However, in order to confirm the true bull structure and resolutely shift the mood, Ethereum must restore and hold higher positions in the coming days.
The leading analyst DAAN shared a technical installation that emphasizes the promising development: Ethereum flips the previous horizontal level back in support. According to Daan, this marks a significant change in the dynamics of the ETH market, as this is that the assets could not do for several months. Instead of consistently rejecting resistance and making lower minimums, ETH now demonstrates the early signs of power, protecting critical zones.
Nevertheless, the battle did not end. The global uncertainty of the macros and the tension between the United States and China continue to exert pressure on all risk assets, including crypto. For Ethereum, daily closure over key resistance can open the door for a more decisive movement higher, while the inability to do this can leave it vulnerable to another round of consolidation or deficiency.
Ethereum is faced with a critical test after a strong recovery
Ethereum made an impressive recovery, gaining more than 32% of the local minimum of $ 1383. Currently, ETH is trading more than $ 1,700, ETH is faced with a decisive test: holding current levels to transfer its long -term bear structure to a more optimistic trend. After several months of tireless sales pressure, this stabilization can marked the beginning of a greater change if the impulse is stable.
Nevertheless, wider macroeconomic risks are still emerging. The ongoing conflict between the United States and China continues to exert pressure on financial markets, which is growing, that a long negotiation process can violate global supply chains. If a resolution has not been achieved in the coming weeks, such risk assets as Ethereum can fight for their recent achievements. A breakthrough transaction, however, can quickly shift the appetite of investors back to risk assets, which refuels a stronger rally.
The technical analysis of Daana emphasizes a serious shift in this behavior. For the first time in a few months, Ethereum flips the previous horizontal resistance zone back in support – a sign of increased market dynamics. Daan offers to carefully monitor the range of 1750–2100 US dollars, since the company held above this area will signal a significant improvement in the ETH structure.
Every day it closes above $ 1750, and gradual consolidation in this key range positions Ethereum for a potential breakthrough to higher levels in the coming months.
This Price has wider support, but there are problems
Currently, Ethereum is trading at 1790 dollars, maintaining its position above the critical 4-hour 200 EMA. In recent days, this technical level has become strong support, providing bulls with the basis for creating an impulse. The retention of more than $ 1,700 is crucial for maintaining a bull structure, which began to form after a week of volatility and pressure pressure.
To confirm a strong recovery and moving into a stable upward trend, ETH must restore the psychological level of $ 2000. The decisive break and retention of more than $ 2,000 will probably attract an updated percentage of purchase and will be able to open the door to move to higher resistance zones. However, without a strong catalyst, bulls could try to maintain upward pressure in the short term.
On the other hand, the loss of support of $ 1700 will signal growing weakness and probably invite further sales. A break under this zone can return Ethereum to the region of $ 1,500, which revives the fears of prolonged consolidation or deeper correction. At the moment, the market remains carefully optimistic, but everyone is looking at whether the bulls can gain sufficient impulse in order to return the highest lands in the near future.
Dall-E shown image, TradingView diagram
