Ethereum is retesting the $1,825-$1,850 neckline of a cup-and-handle pattern after a brief rally to $1,930. The cryptocurrency failed to maintain momentum above the breakout zone and has returned to test former resistance. Technical analysis identifies this level as a critical juncture, with the multi-year ascending channel structure placing potential resistance near $10,000-$12,000 at the upper boundary. The immediate price action follows a defense of the $1,537-$1,683 weekly demand zone, where ETH printed a bullish weekly candle after briefly moving below its long-term trendline.
Ethereum Tests Cup-and-Handle Neckline at $1,825
Ethereum has pulled back to the neckline of a cup-and-handle pattern after briefly rallying above it. The neckline sits around $1,825-$1,850, where ETH faced resistance several times before breaking higher. Price later climbed toward $1,930 but failed to maintain momentum and has now returned to test the breakout zone.
The four-hour chart shows the current retest of this technical level. A strong rebound from the neckline would suggest former resistance has become support, bringing $1,900-$1,950 back into focus, followed by the psychological $2,000 level. A clean break below $1,825 would weaken the cup-and-handle structure and turn the latest move into a possible fakeout, with ETH potentially revisiting $1,775 first and deeper support near $1,700.
Multi-Year Channel Places Upper Resistance Near $10,000-$12,000
Ethereum is holding near the lower boundary of a multi-year ascending channel after defending the $1,537-$1,683 weekly demand zone. The chart shows ETH briefly moving below its long-term trendline before recovering and printing a bullish weekly candle.
The weekly chart analysis identifies several major resistance levels between current prices and the channel's upper boundary. The first important level is maintaining support around $1,700-$1,800. Above that, ETH faces the high-volume area above $2,000, followed by the larger resistance zone around $3,000-$3,400. The previous highs sit near $4,800, with additional resistance around $6,400. The projected upper-channel region is located near $10,000-$12,000.
Another loss of the $1,537-$1,683 order block would expose lower liquidity near $1,200. The point of control sits nearby, and buyers need to reclaim and hold above it to confirm stronger demand.
FAQ
What price level is Ethereum currently testing?
Ethereum is retesting the $1,825-$1,850 neckline of a cup-and-handle pattern after briefly rallying to $1,930 and failing to maintain momentum above the breakout zone.
What are the key support and resistance levels for Ethereum?
Immediate support sits at $1,825-$1,850, with deeper support at $1,775 and $1,700. The weekly demand zone is located at $1,537-$1,683. Resistance levels include $1,900-$1,950, the psychological $2,000 level, $3,000-$3,400, $4,800, $6,400, and the upper channel boundary near $10,000-$12,000.
What technical pattern is Ethereum forming?
Ethereum has formed a cup-and-handle pattern with a neckline around $1,825-$1,850. The cryptocurrency is also trading within a multi-year ascending channel, with the lower boundary recently defended after ETH briefly moved below its long-term trendline before recovering with a bullish weekly candle.
