Ethereum is located in a key macro support zone while short-term traders wait for a clean breakout signal.
Kamran Asghar says $ETH CRYPTOWZRD says a return to $1,750 could open the door to further upside.
Ethereum reaches make-or-break support zone, analysts say
According to crypto analyst Kamran Asghar, Ethereum is testing key support areas that have repeatedly marked cycle bottoms. the analyst says $ETH We are once again sitting within the long-term accumulation zone where past market corrections ended and a strong recovery began.
$ETH/$USDT Weekly macro support zones. sauce: Kamran Asgar (@Karman_1s)
The weekly chart shows Ethereum trading around $1,736, retesting the uptrend line that has supported the price through multiple market cycles. The highlighted accumulation zone has historically served as a floor during large corrections, and several previous rebounds have started from the same area.
According to Asghar, Ethereum’s current structure closely resembles its early cycle lows. This chart also shows that the relative strength index is near historically subdued levels, suggesting that market sentiment remains weak. $ETH Maintains level above long-term support.
Analysts argue that holding this support zone could set the stage for another bullish reversal, similar to past recoveries that followed extended periods of consolidation. However, a break below the trend line and accumulation range weakens the bullish trend and increases the risk of further decline.
For now, traders are focused on whether Ethereum will be able to defend this key macro support area or whether sellers will be forced to move below the level that marked a historically significant turning point.
Ethereum stuck between support and resistance as traders wait for breakout
Ethereum remains above a major support zone, but has yet to show enough strength to confirm a larger recovery. Some analysts believe that the next meaningful move will be $ETH It could regain resistance near $1,750 or lose support near $1,670.
$ETH/$USDT Daily technology outlook. sauce: CRYPTOWZRD (@cryptoWZRD_)
The daily chart shows Ethereum trading around $1,730 after rebounding from lows around $1,500 earlier this month. Prices are still below the downtrend line that has capped gains since April, but several horizontal resistance lines continue to limit upside momentum.
According to CRYPTOWZRD, a breakout of the $1,750 area would improve the near-term outlook and could open the door for a move towards higher resistance near $1,800 or $2,200. However, the analyst pointed out that: $ETH is still closely tracking the Bitcoin price trend and has not yet generated a definitive breakout signal.
On the downside, the $1,670 level remains an important support to watch. A break below this area could shift momentum back in sellers’ favor and increase the risk of testing the lower support zone again.
For now, Ethereum is caught between support and resistance, with traders waiting for a clearer directional move before committing to new positions.
