Ethereum Tests Critical Range: Breakthrough or Dip?

Ethereum is trading at a critical stage as the overall market sentiment turns bullish. After weeks of stagnation and volatility, the second-largest cryptocurrency by market capitalization is attempting to solidify its bottom. Currently, ETH remains trapped in a narrow range between $1,750 and $1,850 — a zone that could soon determine its next major move. Bullish sentiment is controlling short-term price movements, but a breakout above resistance is vital to confirm a true trend reversal.
Lead analyst Daan shared a detailed analysis showing that the recent recovery of Ethereum at the $1,750 level marks a significant change in market dynamics. According to Daan, this is the first successful attempt to reclaim the former support level since Ethereum lost the $4,000 zone in December. This event has become a turning point in the bear cycle, and this move could be the beginning of a larger reversal if the momentum is maintained. However, he warns that failure to push forward from this point could undermine the already established momentum.
Given that the market as a whole is heating up, the next move of Ethereum is likely to impact the entire altcoin space. All eyes are now on whether ETH can maintain its strength and rise above the $1,850 mark in the coming sessions.
Ethereum has become stuck in a key range as the bulls struggle to gain momentum.
Ethereum is currently trading around an important zone, with bulls attempting to change the trend but unable to establish a clear breakout. Despite signs of a potential reversal, Ether remains more than 55% below its December highs, highlighting the challenges for a sustainable recovery. The price movement has narrowed between $1,750 and $1,850, forming a compressed structure that reflects both caution and anticipation in the market.
On shorter time frames, Ethereum is starting to show the first signs of a bullish structure. Higher lows have emerged, indicating that buyers are defending key levels. However, each attempt at growth meets resistance, as selling pressure continues to limit upside potential. The broader environment remains fragile, with macroeconomic uncertainty and volatility in the markets causing investors to exercise caution.
Dan shared a technical analysis highlighting the importance of the recent breakthrough at the $1,750 level. According to Dan, this is the first time ETH has reclaimed a previously lost support level since it fell from $4,000 last December. This signals a potential shift in market dynamics. However, he warns that holding and building from this point is crucial, as the inability to continue the rise could halt the rally and erase recent progress.
The range from $1,750 to $2,100 is now a critical zone for monitoring. A decisive breach of the $2,100 level could trigger a broader altcoin rally, while a drop below $1,750 may lead to deeper corrections of Ethereum and a resumption of bearish pressure.
ETH price analysis: breakout after holding key levels
Ethereum is currently trading at $1,833 and remains in a narrow consolidation just below the resistance level of $1,850. As shown on the 4-hour chart, ETH has been steadily recovering since mid-April, forming higher lows and staying above both the 200-period EMA ($1,780) and SMA ($1,702). This structure suggests a growing bullish momentum in the short term.
The recent movement above the 200 EMA and 200 SMA signifies a significant shift in trend direction, as these levels previously acted as dynamic resistance throughout April. Now that ETH is trading above these levels, they may serve as strong support in the event of a pullback. However, the price continues to face resistance around $1,850, a level that has rejected several intraday attempts to break above.
If the bulls can overcome this barrier, the next key level to watch will be the psychological mark at $2,000. On the downside, if $1,800 cannot be held, this could lead to renewed selling pressure and a possible dip to the $1,700 zone. Volume remains relatively low, which may indicate that a larger move is approaching.
#ETH#