Ethereum is holding key support while bulls try to break through the resistance zone blocking a move toward $2,000. Analysts say ETH needs a clean push above $1,739 to confirm stronger upside
Ethereum is holding key support while bulls try to break through the resistance zone blocking a move toward $2,000. Analysts say ETH needs a clean push above $1,739 to confirm stronger upside momentum.
Ethereum may be approaching a critical breakout point, with one analyst arguing that a move above the current resistance zone could clear the path toward $2,000.
According to analyst CW, ETH is testing a major sell wall around the $1,680-$1,700 range. The chart shows repeated rejections from this zone, while buyers continue defending support near $1,600. If bulls manage to break through the overhead supply, the analyst believes there is little resistance left before the psychologically important $2,000 level.
ETH Resistance and Support Zones. Source: CW (@CW8900) / TradingView
However, the breakout remains unconfirmed. Ethereum must first secure a decisive move above the current sell wall. Failure to do so could keep ETH trapped within its recent range and lead to another retest of lower support levels.
Ethereum continues to hold a critical short-term support zone, keeping the bullish scenario alive despite recent volatility.
According to More Crypto Online, ETH's wave B micro support between $1,547 and $1,609 remains intact and could continue acting as a floor over the coming days. The analyst noted that as long as this area holds, the market structure favors another attempt higher.
ETH Wave B Support and Resistance Levels. Source: More Crypto Online (@Morecryptoonl)
The next objective for bulls is a break above the $1,739 resistance level. A decisive move through this barrier would strengthen the bullish outlook and potentially open the door to a broader recovery toward higher resistance zones.
However, the setup is still developing. Losing the $1,547-$1,609 support range could weaken the current wave structure and delay any upside continuation.
