What to Know Ethereum defended the $1,850 support level, preserving its ascending channel and sustaining expectations for a potential advance toward $2,060 resistance. Ali Martinez identified
What to Know
Ethereum is defending a critical support zone that could shape its next price move, with technical analyst Ali Martinez identifying $2,060 as the next upside target if buyers maintain control. According to Martinez in a post on X, Ethereum rebounded after testing the lower boundary of its ascending channel, keeping its short-term bullish structure intact while the $1,850 support remains unbroken.
The one-hour chart shared by Martinez shows ETH trading inside a rising parallel channel that has contained price action across multiple sessions, while buyers returned near the channel’s support during the latest pullback and pushed the asset back above $1,880, preserving the existing trend.
That recovery kept Ethereum on course for a potential move toward the channel’s upper boundary near $2,060, although it must first overcome the resistance level around $1,980 before attempting a further advance.
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The chart illustrates a sequence of higher highs and higher lows, reflecting an uptrend that has remained intact despite several temporary declines. Each correction has found support within the channel, allowing buyers to regain momentum before price revisited higher levels.
Moreover, the latest rebound occurred almost exactly at the lower trendline, reinforcing its importance as the market’s primary support. According to Martinez, holding above $1,850 keeps the ascending channel valid and preserves the possibility of another leg higher.
Additionally, the chart identifies approximately $1,980 as the next technical obstacle. Previous rallies have slowed around that region, making it an important level before Ethereum can challenge the upper channel boundary.
Ethereum $ETH has rebounded after testing the lower boundary of its channel.
As long as this support at $1,850 continues to hold, I'm watching for a move back toward the upper boundary near $2,060. pic.twitter.com/3H29SDOprG
— Ali Charts (@alicharts) July 24, 2026
Consequently, traders are monitoring whether buying pressure remains strong enough to push ETH through intermediate resistance. A successful breakout above that level would strengthen the existing structure and increase the probability of reaching $2,060.
At the same time, repeated defenses of the lower trendline suggest buyers remain active whenever Ethereum approaches support. That pattern has helped maintain the channel throughout the recent trading sessions.
While the technical structure favors buyers, the outlook depends on Ethereum maintaining support at $1,850, which marks both the lower boundary of the ascending channel and the latest higher-low formation within the current trend.
A sustained move below that support would invalidate the channel, weaken the short-term bullish structure, and expose Ethereum to additional selling pressure while reducing the likelihood of testing higher resistance levels.
The price action remains above the critical support zone, leaving the ascending channel intact, while traders are closely watching whether Ethereum can build enough momentum to reclaim $1,980 before extending its advance.
Ethereum remains within a well-defined ascending channel, with $1,850 serving as the most important support level in the current structure. Holding above that zone preserves the bullish setup and keeps the path toward the channel’s upper boundary near $2,060 open. However, losing that support would invalidate the pattern and shift attention toward a broader corrective move.
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The post Ethereum Eyes $2,060 as Analyst Identifies $1,850 as Critical Support Level appeared first on 36Crypto.
