Ethereum is currently trading around $1,576, as it retests a demand zone that previously marked a major market bottom, according to weekly chart analyses. Recent technical charts shared by an
Ethereum is currently trading around $1,576, as it retests a demand zone that previously marked a major market bottom, according to weekly chart analyses. Recent technical charts shared by analysts show that the price has fallen back toward a support region similar to the one seen at the lows of 2022.
A weekly Ethereum chart based on TradingView data from Kamran Asghar compares the current pullback to the market bottom formed in 2022. According to the analysis, ETH has once again returned to its underlying support band. If this area holds, there is potential for a rebound, mirroring previous market behavior.
The chart also shows that Ethereum’s price remains below the blue moving average, which is currently situated around $2,498. This level stands out as a major resistance area should a recovery take place. A move back above this moving average would strengthen the case for a technical reversal.
Kamran Asghar’s chart suggests the current region could act as a long-term reaction zone, yet the technical outlook does not point to a confirmed reversal at this stage.
The relative strength index (RSI) has also dropped near the 30 mark, indicating heightened selling pressure. However, the RSI signal alone does not confirm the establishment of a bottom. A definitive sign of strengthening technicals would be a clear price recovery emerging from the demand zone.
In the short term, the $1,500 to $1,600 range is highlighted as a critical support area. If this zone is held, buyers could attempt to drive the price toward higher resistance levels. Conversely, a break below the support band would weaken the optimistic scenario.
According to a monthly chart prepared by CJ using TradingView data, Ethereum has continued to trend lower after failing to sustain higher prices in 2025 and 2026. The analyst identifies the equally matched lows around $1,368 as the next significant level for price action to test.
IndicatorLevelCurrent price$1,572 to $1,576Nearby support$1,500 to $1,600Critical monthly level$1,368Moving average resistance$2,498Lower support$881A possible pullback to $1,368 would take Ethereum back to a support zone that has provided a floor several times since 2022. If buyers defend this region, the price could again attempt a reaction from the lower boundary of its multi-year range.
CJ emphasizes $1,368 as the first critical threshold, noting that a drop below this level could shift focus to even lower supports dating back to 2021.
Beneath this, the 2021 cycle’s low point stands at $881. If Ethereum loses its equal lows on the monthly chart and selling pressure persists, this area could become increasingly important. The monthly RSI sits near 40, suggesting weak momentum, but not yet an extreme oversold condition.
Overall, Ethereum’s technical outlook signals critical support and resistance levels to watch in both the short and medium term. Whether the current demand zone holds will likely dictate the next significant move in price action. Analysts advise monitoring these key thresholds as Ethereum attempts to break out of its recent cycle of declines.
The post Ethereum fell to key support near $1,575, analysts highlight $1,368 as next critical level appeared first on COINTURK NEWS.
