Ethereum is trying to reclaim a key support area, and analysts say holding above $1,750 could keep the recovery alive. Even if ETH pulls back first, a strong defense of $1,660-$1,720 could set up the next move toward $1,900-$2,100.
Ethereum Retake of February Low Could Open Path Toward $2.1K
Ethereum is trying to reclaim its February low, and analysts are watching daily closes above this area for confirmation. If ETH can consolidate above $1,750, the next major upside zone could sit near $2,100.
ETH/USD daily chart. Source: Daan Crypto Trades on X, TradingView
The chart shows ETH rebounding from the $1,500-$1,550 support area after a sharp sell-off in June.
That zone is important because buyers stepped in twice near the lows, creating a potential short-term base.
According to Daan Crypto Trades, ETH is now attempting to trade back above the February low. A daily close above that level would help confirm that buyers have reclaimed an important support area.
The next key condition is consolidation above $1,750. If ETH holds above that zone, the chart suggests momentum could continue toward the $2,100 area.
That $2,100 region has acted as a major resistance and support zone in previous price action, making it the next important level if the rebound continues.
However, ETH still needs confirmation. A failed daily close above the February low could weaken the recovery attempt and bring the lower support area back into focus.
For now, the $1,750 area is the key line. Holding above it would strengthen the bullish case, while rejection would keep Ethereum’s recovery setup uncertain.
Ethereum Pullback Could Set Up Push Toward $2K
Ethereum may cool off before its next major move, but one analyst says the larger setup still points toward $1,900-$2,000. If buyers defend the pullback zone, ETH could use it as a base for another leg higher.
ETH/USDT 4-hour chart. Source: Diego Trades on X, TradingView
The chart shows ETH rallying from its late-June lows before pushing into short-term resistance near the $1,780 area.
After that move, Diego Trades said he expects a pullback before a larger push toward the $1,900-$2,000 region.
That would fit a healthy recovery structure. Instead of moving straight up, ETH could retest lower support, shake out late buyers and then attempt another breakout.
The first support area to watch sits near the $1,720-$1,660 range. If ETH holds there, buyers could keep control of the short-term trend.
The larger resistance sits near the 90-day moving average around $1,950. That level lines up with the analyst’s $1,900-$2,000 target zone.
However, ETH still needs to hold its higher-low structure. A deeper break below the pullback zone would weaken the setup and delay the move toward $2,000.
For now, the chart points to a pullback-first scenario. If buyers step in quickly, Ethereum could still be setting up for a stronger move into the $1,900-$2,000 range.
