Ethereum stands in a critical zone as breakout structures await confirmation

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Ether remains under pressure in the key support zone, balancing between a potential rebound and further decline. While bullish patterns such as cup with handle and ascending triangle are taking shape, confirmation is required before any decisive move.

Last Defense Zone: $2,274-$2,104 and Libra Reversal Setup

Kamil Uraya common that Ethereum is currently struggling to stay above the critical support zone between $2,775 and $2,623. This area has become a key battleground between bulls and bears, with buyers trying to defend it to prevent further declines. If this support continues, ETH could regain short-term stability and make another attempt at growth.

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On the other hand, a sustained bounce from this zone could allow Ethereum to return to the pink box resistance around the $3,445 level. A spotless break above this resistance would activate bullish structures such as a cup-and-handle or bullish triangle, signaling increasing upside momentum and opening a path towards the $3,894 level. However, this will become possible if ETH manages to close above the high of $3,661, confirming the formation of the first major high.

The $3,894 level is technically significant as it represents the 0.618 Fibonacci retracement of the last bearish wave. A decisive close above this level would indicate a continued recovery. Failure to stay above this value, however, may result in renewed selling pressure and lead to another downward correction.

On the other hand, if Ethereum loses support at $2,623, a deeper decline towards the pink box zone between $2,274 and $2,104 becomes likely. This area stands out for the potential formation of a bullish Libra pattern. If a reversal is confirmed in this zone, ETH may embark on another recovery phase with the broader goal of retesting previous highs.

Waiting for confirmation: ETH’s next move depends on price action

Ethereum is currently following the trajectory outlined by Crypto Candy in recent times update at X. As expected, the asset has fallen to the lower support range between $2,600 and $2,700 and is currently trying to start a rebound from the zone. If the upward trend continues, the immediate target for bulls will be to return to the $3,070 level.

However, for Ethereum to re-enter bullish territory and change the broader market structure, it must decisively close above the $3,070 threshold. This level serves as a major gateway to a sustained economic recovery beyond the current wave of aid. Until this breakout occurs, the prevailing market sentiment remains strongly bearish, as the failure to regain and hold above $3,070 suggests that the path of least resistance continues to be downward, with lower price points remaining the main expectation in the tiny term.

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