Eseandre Mordi
⬤ Ethereum is testing a major long term support area around $1,800 that has served as a reliable launch pad in previous cycles. Currently trading near $3,040, ETH is drifting back toward a multi year ascending trendline that has guided price action since 2022. This zone has marked strong buying opportunities before and traders are watching closely to see if history repeats itself.
⬤ The chart shows a familiar pattern - sharp drops followed by bounces off the same rising support line. Right now resistance sits around $4,600, but the long term projection becomes interesting. If bulls defend the $1,800 level and sentiment shifts, the technical setup suggests Ethereum has the potential to climb toward $10,000 over the next cycle.
The $1,800 area appears to be one of the most significant zones where Ethereum has previously regained momentum.
⬤ The compelling aspect of this setup is that Ethereum's broader bullish structure remains valid as long as that ascending support holds. Defending the $1,800 zone would keep the upward trajectory intact plus signal that accumulation is underway. For investors this could mark the early stage of another multi year rally if market conditions align and the pattern unfolds as charted.
Eseandre Mordi
