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Ethereum is holding near a multi-year support line, but short-term weakness keeps the risk of a drop toward $1,460 alive. A strong rebound above $1,740 could shift momentum and reopen the path toward its $4,850 resistance zone.
Ethereum Slips Below $1,740 as Bears Threaten a New Low
Ethereum has fallen back below a key technical level after briefly recovering from its February lows, keeping the wider downtrend intact.
$ETH/USDT 12-Hour Key-Level Chart. Source: CRYPTOWZRD (@cryptoWZRD_) on X
The 12-hour chart shows $ETH trading near $1,670, below the horizontal resistance around $1,740. Price also failed to break the descending trendline, where sellers rejected the latest recovery attempt.
According to CRYPTOWZRD, Ethereum must reclaim the $1,740 area and move above the falling trendline to shift momentum back toward buyers. A confirmed breakout could support a recovery toward the $2,200 region shown on the chart.
However, remaining below the key level would leave bears in control. Further selling could push $ETH below its recent low and toward the chart’s downside projection near $1,460.
For now, $1,740 is the main level separating a potential bullish recovery from another extension of Ethereum’s downtrend.
Ethereum Retests Multi-Year Support With $4,850 in View
Ethereum is testing a long-term ascending trendline that previously supported major recoveries, putting the $1,700 area at a critical turning point.
$ETH/USD Daily Ascending Trendline Chart. Source: Kamran Asghar (@Karman_1s) on X
The daily chart shows $ETH trading near $1,738 after returning to the rising support line connecting major lows from 2022, 2025 and the current market cycle. Previous rebounds from this trendline eventually carried Ethereum toward its all-time-high region.
If buyers defend the current support, $ETH could begin another long-term recovery toward the resistance zone near $4,854. However, that level represents a broader bullish target rather than an immediate price objective.
The relative strength index sits near 43, showing weak momentum but remaining above oversold territory. A stronger recovery would require $ETH to hold the trendline and begin forming higher highs above nearby resistance.
A daily breakdown below the ascending support would weaken the bullish structure and raise the risk of further losses. For now, the $1,700 area remains the key level determining whether Ethereum can repeat its previous long-term rebounds.