Ethereum’s price is sitting at a critical technical juncture, trading near $1,708 after a weak 24‑hour session. After a sharp decline from higher levels, the current support region is drawing attention as ETH reacts where buyers have previously stepped in.
Weekly support and bullish divergence offer hope. Analyst BATMAN showed that Ethereum is trading above a strong weekly support zone while a bullish divergence begins to form on the weekly indicator. This divergence often signals weakening downside momentum, but BATMAN cautioned that a rally may not come immediately—ETH could need more consolidation around support before a real recovery attempt.
$1,700–$1,750 is the line in the sand for bulls. According to Ted Pillows, holding above this zone keeps the short‑term recovery alive. A break above $1,750 opens the path to $1,820 and $1,870, with a stronger move targeting the $2,000–$2,050 area. However, if ETH falls back below $1,700, the chart points toward $1,660 and then $1,580.
A final liquidity sweep toward $1,300–$1,400 remains possible. Ted Pillow’s liquidity map indicates that most downside liquidity has already been taken, but one more dip into the $1,300–$1,400 zone could occur before a stronger bottom forms. This keeps the market structure cautious; a break below $1,580 would flip focus to that deeper liquidity region.
Short‑term structure broken. Ali Charts highlighted that ETH has lost its short‑term channel and is trading below the 200‑hour simple moving average, with a potential target near $1,580. Reclaiming $1,750 and then $1,840 is needed to invalidate this bearish setup.
Recovery targets and invalidation levels. If bulls defend $1,700–$1,750, the first resistance sits at $1,850, followed by the $2,000–$2,050 zone. A clear move above $2,000 would shift sentiment more positively. On the downside, losing $1,700 weakens the short‑term structure, and a breakdown below $1,580 would signal a deeper sweep toward $1,400–$1,300. For now, the Ethereum price prediction remains balanced: holding support keeps the recovery case alive, while a loss of that zone could extend the decline.
