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Ethereum is trying to reclaim a key support area, and analysts say holding above $1,750 could keep the recovery alive. Even if $ETH pulls back first, a strong defense of $1,660-$1,720 could set up the next move toward $1,900-$2,100.
Ethereum Retake of February Low Could Open Path Toward $2.1K
Ethereum is trying to reclaim its February low, and analysts are watching daily closes above this area for confirmation. If $ETH can consolidate above $1,750, the next major upside zone could sit near $2,100.
$ETH/USD daily chart. Source: Daan Crypto Trades on X, TradingView
The chart shows $ETH rebounding from the $1,500-$1,550 support area after a sharp sell-off in June.
That zone is important because buyers stepped in twice near the lows, creating a potential short-term base.
According to Daan Crypto Trades, $ETH is now attempting to trade back above the February low. A daily close above that level would help confirm that buyers have reclaimed an important support area.
The next key condition is consolidation above $1,750. If $ETH holds above that zone, the chart suggests momentum could continue toward the $2,100 area.
That $2,100 region has acted as a major resistance and support zone in previous price action, making it the next important level if the rebound continues.
However, $ETH still needs confirmation. A failed daily close above the February low could weaken the recovery attempt and bring the lower support area back into focus.
For now, the $1,750 area is the key line. Holding above it would strengthen the bullish case, while rejection would keep Ethereum’s recovery setup uncertain.
Ethereum Pullback Could Set Up Push Toward $2K
Ethereum may cool off before its next major move, but one analyst says the larger setup still points toward $1,900-$2,000. If buyers defend the pullback zone, $ETH could use it as a base for another leg higher.
$ETH/USDT 4-hour chart. Source: Diego Trades on X, TradingView
The chart shows $ETH rallying from its late-June lows before pushing into short-term resistance near the $1,780 area.
After that move, Diego Trades said he expects a pullback before a larger push toward the $1,900-$2,000 region.
That would fit a healthy recovery structure. Instead of moving straight up, $ETH could retest lower support, shake out late buyers and then attempt another breakout.
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. That level lines up with the analyst’s $1,900-$2,000 target zone.
However, $ETH still needs to hold its higher-low structure. A deeper break below the pullback zone would weaken the setup and delay the move toward $2,000.
For now, the chart points to a pullback-first scenario. If buyers step in quickly, Ethereum could still be setting up for a stronger move into the $1,900-$2,000 range.