Ethereum is sitting in a key macro support zone while short-term traders wait for a clean breakout signal.
Kamran Asghar says ETH is testing a historical accumulation floor, while CRYPTOWZRD says reclaiming $1,750 could open the door to further upside.
Ethereum Reaches Make-or-Break Support Zone, Analyst Says
Ethereum is testing a major support area that has repeatedly marked cycle bottoms, according to crypto analyst Kamran Asghar. The analyst says ETH is once again sitting inside a long-term accumulation zone where previous market corrections ended and strong recoveries began.
ETH/USDT Weekly Macro Support Zone. Source: Kamran Asghar (@Karman_1s)
The weekly chart shows Ethereum trading near $1,736 while retesting an ascending trendline that has supported price through multiple market cycles. The highlighted accumulation zone has historically acted as a floor during major corrections, with several previous rebounds beginning from the same area.
According to Asghar, Ethereum's current structure closely resembles earlier cycle lows. The chart also shows the Relative Strength Index near historically subdued levels, suggesting market sentiment remains weak despite ETH holding above long-term support.
The analyst argues that maintaining this support zone could set the stage for another bullish reversal, similar to previous recoveries that followed extended consolidation periods. However, a breakdown below the trendline and accumulation range would weaken the bullish case and increase the risk of a deeper decline.
For now, traders are watching whether Ethereum can defend this key macro support area or if sellers force a move below a level that has historically marked important turning points.
Ethereum Stuck Between Support and Resistance as Traders Await Breakout
Ethereum is holding above a key support zone but has yet to show enough strength to confirm a larger recovery. One analyst says the next meaningful move will likely depend on whether ETH can reclaim resistance near $1,750 or lose support around $1,670.
ETH/USDT Daily Technical Outlook. Source: CRYPTOWZRD (@cryptoWZRD_)
The daily chart shows Ethereum trading around $1,730 after rebounding from lows near $1,500 earlier this month. Price remains below a descending trendline that has capped rallies since April, while several horizontal resistance levels continue to limit upside momentum.
According to CRYPTOWZRD, holding above the $1,750 area would improve the short-term outlook and could open the door to a move toward higher resistance levels near $1,800 and $2,200. However, the analyst noted that ETH is still closely following Bitcoin's price action and has not yet produced a decisive breakout signal.
On the downside, the $1,670 level remains the key support to watch. A break below that area could shift momentum back in favor of sellers and increase the risk of another test of lower support zones.
For now, Ethereum remains trapped between support and resistance, with traders waiting for a clearer directional move before committing to new positions.
