Ethereum We are retesting the key breakout level after failing to hold the initial move higher. A pullback could sustain the long-term path to $10,000-$12,000, but a loss of support could hurt. $ETH Heading back towards under $1,700.
Ethereum retests cup-and-handle breakout with false risk recurrence
Ethereum briefly rose above the neckline of the cup-and-handle pattern before returning to the neckline. Holding this area could sustain the bullish setup, but another breakdown could repeat the failed breakout ahead of a larger decline.
$ETH 4 hour chart. sauce: Rod/X
Necklines are around $1,825 to $1,850. $ETH It faced resistance several times before rising further. The price then rose towards $1,930 but failed to maintain its momentum and is now testing the breakout zone again.
A strong rebound from the neckline suggests that the former resistance has turned into support. If that happens, the $1,900-$1,950 level will come back into focus, and if buyers maintain control, the psychological $2,000 level could persist.
However, a full break below $1,825 would weaken the cup-and-handle structure and make the recent move a likely fakeout. In that case, $ETH First, it revisits $1,775 and could find deeper support near $1,700.
Ethereum long-term channel sustains $10,000-$12,000 target
Ethereum remains near the lower end of its multi-year upward channel after defending the weekly demand zone of $1,537 to $1,683. If the recovery continues, the upper bound of the channel near the $10,000-$12,000 area could be re-opened, but some significant initial resistance remains.
$ETH Weekly chart. sauce: Centurion/X
The chart shows that $ETH It briefly fell below the long-term trend line before recovering and printing a bullish weekly candlestick. While this move may have been a false breakdown, buyers should still regain a nearby control point and hold above it to confirm stronger demand.
The first important step is to hold support around $1,700-1,800. From there, $ETH The pair will need to recover above the $2,000 volume area before challenging the larger resistance zone around $3,000-$3,400.
A stronger breakout could bring the focus back to the previous highs around $4,800. If this momentum continues, we expect resistance to emerge around $6,400, followed by an upper channel area between $10,000 and $12,000.
However, the recovery will weaken if the order block between $1,537 and $1,683 is lost again. $ETH It could then clear out the liquidity decline around $1,200 before attempting a further reversal. This means that the five-digit target remains a long-term scenario rather than a firm move.
