Ethereum price near key support levels as ascending triangle persists

Ethereum is approaching a critical juncture as two widely followed technical levels—$1,800 and $2,000—come into focus. Analysts highlighted charts suggesting that whether ETH holds these supports could determine if the market attempts another upside move or slides toward lower demand zones.

Weekly chart flags $1,800 as key support for an ascending triangle

Ali Charts said Ethereum is nearing a major support area near $1,800, based on a weekly chart. The analyst noted that the current price structure may be forming an ascending triangle, with a rising trendline described as the market’s “line in the sand.”

The chart shows ETH trading near $2,043 after a sharp pullback from the top of its recent range. The rising support line extends from 2022 through 2026 and connects a series of higher lows, meeting the market around the $1,800 area.

Ali Charts said that if $1,800 holds, Ethereum could stabilize and attempt another move higher. A successful defense of the trendline could open the way for a rally toward $4,900, identified as the upper resistance area on the chart. The bullish setup, however, depends on buyers keeping price above the triangle base.

The analyst also cautioned that the pattern is not confirmed. Ethereum has not broken higher, and the recent decline indicates selling pressure remains active. As a result, the chart currently points to a potential support retest rather than a completed breakout.

In the near term, the $1,800 level is presented as the main decision point: holding above it would keep the ascending triangle idea intact, while a breakdown below could weaken the pattern and shift attention to lower support zones.

Another chart highlights $2,000 support after rejection near $2,150–$2,200

Separately, Ted Pillows said Ethereum remains under pressure after another rejection from the $2,150 to $2,200 resistance zone. The chart shows ETH failing again near overhead resistance, while traders monitor whether the $2,000 support area can continue to hold.

On the upside, the nearest resistance band is the $2,150 to $2,200 region. If buyers regain control, the chart lists potential targets near $2,400 and $2,624. However, ETH has not cleared the first barrier, leaving the short-term structure fragile.

On the downside, $2,000 is identified as the main support zone. The chart suggests Ethereum could attempt another rebound as long as that level remains intact, but it emphasizes that bulls need to defend support before a stronger recovery can develop.

Ted Pillows warned that losing $2,000 could accelerate the downside. The chart indicates a break below support may open the door to a new yearly low, with lower demand zones flagged near $1,765 and $1,693 if selling pressure increases.

What the next move could determine

Both charts frame Ethereum’s next move around the $2,000 area as pivotal. With neither a confirmed breakout nor a breakdown yet, the market’s direction may hinge on whether ETH can hold key support levels—first around $2,000 and, on the broader weekly view, near $1,800.