Ethereum is defending the key $1,850 support level while maintaining a local pattern of higher highs and higher lows. A breakout above $1,950 could open the path toward $2,060, $2,150 and eventually $2,350.
Ethereum Rebounds From $1,850 Support as $2,060 Target Returns
Ethereum has bounced from the lower boundary of its ascending channel, keeping the short-term bullish structure intact. Analyst Ali Martinez said ETH could revisit the channel’s upper boundary near $2,060 as long as support around $1,850 continues to hold.
ETH one-hour chart. Source: Ali Martinez/TradingView
The chart shows Ethereum recovering toward $1,886 after briefly testing the lower trendline. Previous reactions from this boundary produced moves toward the middle and upper sections of the rising channel.
The first resistance sits near $1,980, where price previously struggled to maintain momentum. A confirmed break above that level could strengthen the rebound and open the path toward $2,060.
However, the setup depends on ETH defending $1,850. A decisive break below that support would invalidate the immediate channel rebound and increase the risk of a deeper short-term correction.
For now, Ethereum remains inside its rising structure. Holding $1,850 keeps the $1,980 and $2,060 targets active, while losing the level would shift momentum back toward sellers.
Ethereum Holds $1,850 Support as Bulls Target $2,150
Ethereum continues to form higher highs and higher lows despite a choppy recovery, keeping its short-term bullish structure intact. Analyst Daan Crypto Trades said a break above the $1,950 local high could open the path toward $2,150 and eventually $2,350.
ETH daily chart. Source: Daan Crypto Trades/TradingView
The chart shows ETH pulling back after reaching resistance near $1,958. Price remains around the $1,850 area, which now serves as the main level buyers must defend to preserve the recovery.
A confirmed daily break above $1,950 would signal renewed momentum. The next resistance zone sits around $2,150 to $2,190, where Ethereum’s 200-day moving average and exponential moving average could limit further gains.
Clearing those indicators could shift attention toward $2,350 and the broader range high near $2,391. However, ETH would need stronger buying volume to complete that move.
Meanwhile, losing $1,850 would weaken the current sequence of higher lows. The first downside level would sit near $1,788, followed by the major range support around $1,736.
For now, Ethereum remains constructive above $1,850. A breakout above $1,950 would strengthen the bullish case, while a breakdown below support could return ETH to its previous trading range.
