Ethereum has returned to a key support zone and traders are watching to see if buyers can defend it again. What the two long-term charts suggest $ETH A major recovery could begin or we could be at risk of a more severe collapse.
Ethereum tests major support as market reaches decision point
Ethereum may be approaching a pivotal moment as the price revisits a key support zone that has repeatedly formed market cycles in the past.
According to weekly charts shared by analyst Donald Dean. $ETH is trading near the long-term $1,600 to $2,000 support area while sitting above an uptrend line that remains intact from the 2022 bear market lows. This setup suggests that Ethereum is entering another make-or-break phase.
$ETH/USD weekly chart. sauce: Donald Dean (@donaldjdean)
The chart highlights the past two periods. $ETH Repulsed from similar structures. After these consolidations, Ethereum rose approximately 366% and 249%, respectively. Dean pointed out that even though Ethereum has more real-world applications, institutional interest, and on-chain utilities than ever before, the price is once again returning to test support.
The key level to watch remains the psychological $2,000 area, which previously served as both resistance and support. but, $ETH has recently fallen below that zone and is currently trying to hold onto a cluster at a lower support level.
Our volume profile analysis also points out that there are two notable “volume shelves” around the current price range. These areas represent zones where significant trading activity has previously taken place and could serve as a basis for new demand if buyers enter.
At the same time, an uptrend line crossing near the current level will gain further technical significance. Successful defense of this confluence could strengthen the case for a recovery towards higher resistance levels.
The chart does not support an immediate bullish reversal. Rather, it suggests that Ethereum is in a decision phase. Holding the current support could open the door to the next round of recovery, while a break below the trend line or volume ledge would increase the risk of further decline.
For now, traders seem to be focused on whether Ethereum can once again test massive support as a springboard for its next move.
Ethereum could aim for $35,000 by April 2027, analyst says
Ethereum may be moving within a long-term bullish structure that could point towards $35,000 by April 2027.
Analyst Don Wedge has been speaking for several years. $ETHThe /USD chart shows that Ethereum is trading near the lower end of the ascending channel that has guided price movements since 2017. This chart predicts a possible upside target of $35,350 if the pattern continues to hold.
$ETH/USD 3-day chart (long-term upward channel forecast). sauce: Don Wedge (@DonWedge)
According to our analysis, Ethereum is currently testing support along the lower trendline of the channel after failing to maintain momentum above recent highs. Previous efforts in this area of support have preceded significant progress, making the current configuration an important level to monitor.
This chart outlines three key factors that shape the long-term outlook.
Lower Channel Support: Ethereum is nearing the lower end of its long-term uptrend range, indicated by the two magenta trend lines.
Upper Resistance Trendline: The yellow trendline represents the top of a broader structure and intersects near the expected $35,350 target.
Time-based forecasting: What the bullish scenario suggests $ETH If past trends hold, that level could be reached around April 2027.
However, this prediction is still a guess, not a prediction. Ethereum must first hold support within the channel and regain higher resistance levels before a move towards the upper limit becomes technically viable.
The graph does not guarantee that $ETH It will reach $35,000. Instead, it highlights a long-term framework that suggests Ethereum still has significant upside potential over the next few years if established trends persist.
