Ethereum is holding near a multi-year support line, but short-term weakness keeps the risk of a drop toward $1,460 alive. A strong rebound above $1,740 could shift momentum and reopen the path toward its $4,850 resistance zone.
Ethereum Slips Below $1,740 as Bears Threaten a New Low
Ethereum has fallen back below a key technical level after briefly recovering from its February lows, keeping the wider downtrend intact.
ETH/USDT 12-Hour Key-Level Chart. Source: CRYPTOWZRD (@cryptoWZRD_) on X
The 12-hour chart shows ETH trading near $1,670, below the horizontal resistance around $1,740. Price also failed to break the descending trendline, where sellers rejected the latest recovery attempt.
According to CRYPTOWZRD, Ethereum must reclaim the $1,740 area and move above the falling trendline to shift momentum back toward buyers. A confirmed breakout could support a recovery toward the $2,200 region shown on the chart.
However, remaining below the key level would leave bears in control. Further selling could push ETH below its recent low and toward the chart’s downside projection near $1,460.
For now, $1,740 is the main level separating a potential bullish recovery from another extension of Ethereum’s downtrend.
Ethereum Retests Multi-Year Support With $4,850 in View
Ethereum is testing a long-term ascending trendline that previously supported major recoveries, putting the $1,700 area at a critical turning point.
ETH/USD Daily Ascending Trendline Chart. Source: Kamran Asghar (@Karman_1s) on X
The daily chart shows ETH trading near $1,738 after returning to the rising support line connecting major lows from 2022, 2025 and the current market cycle. Previous rebounds from this trendline eventually carried Ethereum toward its all-time-high region.
If buyers defend the current support, ETH could begin another long-term recovery toward the resistance zone near $4,854. However, that level represents a broader bullish target rather than an immediate price objective.
The relative strength index sits near 43, showing weak momentum but remaining above oversold territory. A stronger recovery would require ETH to hold the trendline and begin forming higher highs above nearby resistance.
A daily breakdown below the ascending support would weaken the bullish structure and raise the risk of further losses. For now, the $1,700 area remains the key level determining whether Ethereum can repeat its previous long-term rebounds.
