Ethereum is testing an important area after its recent rebound, while two separate charts highlight the levels that could decide the next move. One points to a short term resistance test, and the other shows a broader structure that has previously aligned with market bottoms and recovery phases.
Ethereum Tests Key Resistance as Analyst Flags $2,200 Reclaim or $1,900 Pullback
Ethereum moved into a key resistance area near $2,136 on the daily chart, while market analyst Ted Pillows said the next move could depend on whether ETH reclaims the $2,150 to $2,200 zone.
In a post on X, Ted Pillows said a successful reclaim of that range could open the way for a rally toward last month’s low. On the chart, that higher target sits near $2,400 first, with another resistance level marked around $2,624. However, he also outlined a bearish case. If Ethereum fails to hold this area and gets rejected, he said the price could fall back toward the $1,900 to $2,000 region.
ETH/USDT 1D Chart: Source: Ted Pillows on X
The chart shows ETH recovering after a sharp drop in early February, when price briefly fell below $1,800 before rebounding. Since then, Ethereum has traded in a choppy range, but it has recently pushed back into the lower red resistance band near $2,100 to $2,200. That area now appears to be the first key test for bulls.
At the same time, the chart marks support below at about $2,000, then around $1,760, with another lower level near $1,693. These zones suggest that if ETH loses momentum, traders may watch whether buyers step in before price revisits the deeper support area.
The broader structure on the chart still shows Ethereum trading well below the higher resistance zones that capped price earlier this year. Those levels include roughly $2,400 and $2,624, which now act as overhead barriers if the current recovery continues.
For now, the setup remains clear. Ethereum is testing resistance. A move above $2,150 to $2,200 would strengthen the case for further upside. A rejection there would keep the risk of another move back toward $1,900 to $2,000 in focus.
Ethereum MVRV Bands Point to Key Levels as Analyst Tracks Bull Run Signal
Ethereum may be approaching a zone that has marked past market bottoms, according to a chart shared by Ali Charts, which compares ETH price action with MVRV pricing bands.
Ethereum MVRV Pricing Bands: Source: Glassnode, Ali Charts on X
Ali Charts said Ethereum has often found a bottom near the 0.80 MVRV band and then started a new bull run after moving back above the Realized Price. On the chart, the 0.80 MVRV band sits near $1,880, while the Realized Price stands near $2,449. That setup suggests those two levels may now matter most for Ethereum’s broader trend.
The chart shows ETH recently falling toward the lower MVRV band before attempting a rebound. In earlier cycles shown on the chart, similar moves near the 0.80 band were followed by recoveries. However, the analyst’s framework also suggests confirmation comes only after Ethereum breaks back above the Realized Price.
Above that, the chart marks higher MVRV pricing bands at $5,878 and $7,837. These levels represent broader upside zones if Ethereum regains strength and enters a stronger expansion phase. For now, though, the main focus remains on whether ETH can hold near the lower support band and reclaim the Realized Price level.
