ETH Technical Outlook
On the ETH side, the large triangle structure dating back to 2021 remains a critical reference. Price had previously moved above this structure and entered an accumulation phase, but with the latest sharp decline, it has returned back inside the triangle and made a clear touch to the lower trend line.
This zone is technically the main area where a reaction is expected.
As long as the triangle’s lower band ($1,800 – $1,850) is preserved, it is difficult to say that the structure is broken. In this scenario, the main expectation is for price to reclaim the $2,250 – $2,300 band and then move toward the $3,000 region.
Especially daily closes above $2,250 – $2,300 would confirm that the return into the triangle was a fake break and would strengthen the upside scenario.
On the downside risk side:
- Sustained price action below $1,800 → triangle structure weakens
In this case, the $1,550 – $1,500 band becomes the next major support area.
In summary:
- Triangle lower band is holding
- Upside scenario: $2,300 → $3,000
- Downside scenario: $1,550 region
The strength of the reaction at this level will be decisive for the medium-term direction.
These analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
