Ethereum is attempting to reclaim a key support level after rebounding from its June lows, with analysts monitoring whether the cryptocurrency can hold above $1,750 to confirm recovery momentum. Buyers defended the $1,500-$1,550 zone twice in June, creating a potential base for the current rebound attempt. According to technical analysts Daan Crypto Trades and Diego Trades, if ETH consolidates above $1,750 and successfully defends a pullback zone near $1,660-$1,720, the setup could support a move toward the $1,900-$2,100 range, where major resistance levels await.
Ethereum Tests February Low Support After June Rebound
Ethereum is attempting to trade back above its February low, with Daan Crypto Trades stating that a daily close above this level would confirm buyers have reclaimed an important support area. The chart shows ETH rebounding from the $1,500-$1,550 support zone after a sharp sell-off in June, with buyers stepping in twice near those lows.
The $1,750 level represents the next key consolidation threshold. According to Daan Crypto Trades, if ETH holds above that zone, momentum could continue toward the $2,100 area. That region has acted as both major resistance and support in previous price action.
A failed daily close above the February low could weaken the recovery attempt and bring the lower support area back into focus. The $1,750 zone remains the key line for determining whether the bullish case strengthens or the recovery setup remains uncertain.
Analysts Identify Pullback Zone Before Potential $2K Move
Diego Trades said he expects a pullback before a larger push toward the $1,900-$2,000 region. The chart shows ETH rallying from its late-June lows before pushing into short-term resistance near the $1,780 area.
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, which lines up with the analyst's $1,900-$2,000 target zone.
A deeper break below the pullback zone would weaken the setup. The chart structure suggests a pullback-first scenario, where ETH could retest lower support before attempting another breakout. If buyers step in quickly at the identified support levels, the setup could remain intact for a move into the $1,900-$2,000 range.
FAQ
What support level is Ethereum attempting to reclaim?
Ethereum is attempting to reclaim its February low and consolidate above $1,750. Daan Crypto Trades stated that a daily close above the February low would confirm buyers have reclaimed this support area.
What price targets have analysts identified for Ethereum?
Daan Crypto Trades identified $2,100 as the next major upside zone if ETH consolidates above $1,750. Diego Trades expects a move toward the $1,900-$2,000 region after a pullback, with resistance near the 90-day moving average around $1,950.
Where is the pullback support zone for Ethereum?
Diego Trades identified the pullback support zone near $1,720-$1,660. The $1,500-$1,550 area also acted as support twice in June, creating a potential base for the current recovery attempt.
