Saad Ullah
Ethereum is showing constructive price action after holding a clearly defined demand zone between $1,900 and $1,970. Price is now trading near $2,240 and approaching the $2,300 area. The move reflects a short-term bullish bias, but the structure still depends on whether ETH can hold above support and keep building momentum. Crypto analyst Crypto Candy has been tracking this setup closely, pointing to the demand zone as the foundation of the current recovery.
How the $1,900 Demand Zone Reversed ETH's Direction
The chart shows a sharp selloff followed by a basing phase, with ETH consolidating throughout February and early March. Things started to shift once price revisited the $1,900-$1,970 demand zone.
That area acted as a clear reaction point. Buyers stepped in and stopped the bleed, and what followed was a sequence of higher lows - a classic early sign of momentum flipping from sideways compression to upward movement.
ETH held the mentioned demand zone very well, reinforcing its importance as the foundation of the current move.
Similar setups have played out before. In ETH Rebounds From $1,900 but Traders Stay Defensive, holding the demand zone also preceded a short-term push to the upside - though caution among traders remained elevated even as price climbed.
ETH Tests $2,300 Resistance After Reclaiming Key Levels
Ethereum has now nearly reached the $2,300 level, which lines up with a visible horizontal resistance on the chart. This area previously acted as support before the breakdown and is now being tested from below for the first time in the current move.
Price is approaching $2,300, but a confirmed breakout still hasn't happened - the structure shows pressure building, not yet resolved.
So far, price has approached this level without a confirmed breakout. A clean move above this zone would mark the first significant reclaim within the current range - something explored in more detail in ETH Stalls Below $2,300 as Bearish Pressure Holds at Key Resistance.
ETH Price Outlook: Can It Reach the $2,600-$2,700 Zone?
If momentum holds, the chart points toward a higher resistance region between $2,600 and $2,700. This is where price previously reacted and where selling interest could re-emerge.
As long as ETH stays above the $1,900-$1,970 base, the structure continues to support upside attempts toward the $2,600-$2,700 range.
The bullish case stays intact only while ETH holds above the demand zone. Lose that, and the setup falls apart. The broader picture - including why this base matters so much - is laid out in ETH Price Outlook: Demand Zone Holds the Key as Recovery Scenario Builds Around Mid-Range Target.
Ethereum is no longer pressing new lows, but it is not yet in a confirmed breakout either. The chart shows a market transitioning upward - one that still needs continuation above resistance to fully validate the move.
Saad Ullah
