Ethereum is defending the critical $1,850 support level while maintaining a pattern of higher highs and higher lows on both short-term and daily timeframes. Analyst Ali Martinez highlights that ETH has bounced from the lower boundary of its ascending channel, keeping the bullish structure intact. As long as support around $1,850 holds, the path toward the channel’s upper boundary near $2,060 remains viable. On the 1-hour chart, Ethereum recovered to around $1,886 after testing the trendline, with previous reactions from this zone producing moves to the middle and upper channel. The first resistance sits near $1,980, a level where momentum previously stalled, and a confirmed break above it would strengthen the rebound toward $2,060. A decisive breakdown below $1,850 would invalidate the immediate setup and raise the risk of a deeper correction.
Separately, analyst Daan Crypto Trades notes that Ethereum continues to form higher highs and higher lows on the daily chart. A break above the $1,950 local high could open the path toward $2,150 and eventually $2,350. The daily chart shows ETH pulling back after reaching resistance near $1,958 and currently hovering around the $1,850 support zone. A daily close above $1,950 would signal renewed momentum, with the next resistance area between $2,150 and $2,190, where the 200-day moving average and exponential moving average could cap gains. Beyond that, $2,350 and the range high near $2,391 become targets. Volume would need to pick up to sustain such a move. On the downside, losing $1,850 would weaken the sequence of higher lows, exposing $1,788 and then the major support at $1,736. For now, Ethereum’s structure remains constructive above $1,850, with bulls awaiting a breakout above $1,950 to confirm the bullish case.
