Ethereum is holding a support zone between $1,720 and $1,745 while analysts identify potential price targets in the $1,820-$1,840 range. The cryptocurrency is attempting to build a short-term breakout setup after its recent rally, with technical analysts watching whether buyers can defend key levels. According to analyst Always Win, the current setup has already moved into profit, while XForceGlobal suggests Ethereum may be forming a larger macro triangle pattern above its cycle low. The bullish case for both short-term and longer-term structures depends on Ethereum maintaining support above these critical price zones.
Ethereum Holds $1,720-$1,745 Support Zone With Targets Toward $1,840
Ethereum is holding above a support zone near $1,720-$1,745 after its recent rally, with buyers defending this area multiple times. According to Always Win's analysis, the short-term setup has already moved into profit.
The chart shows ETH moving sideways with price staying above the marked support box. The first resistance area sits near $1,800, and the analyst's chart points toward the $1,820-$1,840 area as the next upside target if momentum continues.
Always Win's projected path suggests ETH could dip back toward support before attempting another move higher. The setup remains active as long as price stays above the $1,720-$1,745 zone. A loss of this support would weaken the bullish structure.
XForceGlobal Identifies Potential Macro Triangle Pattern Above Cycle Low
XForceGlobal's analysis suggests Ethereum may be forming a large macro triangle pattern as long as price holds above the cycle low. The analyst states that if Ethereum stays above that cycle low, the current pattern could develop into a major bullish accumulation phase.
The chart maps a large triangle structure with ETH potentially moving sideways inside the pattern. XForceGlobal noted that the strategy for bulls focuses on position size and preparing before the larger structure confirms, rather than chasing large percentage gains at this stage.
The cycle low remains the key level for this macro setup. The analyst's view is that the market may need more time to build a base before the next expansion begins. A breakdown below the cycle low would weaken the triangle theory.
FAQ
What support zone is Ethereum currently holding?
Ethereum is holding a support zone between $1,720 and $1,745. According to Always Win's analysis, buyers have defended this area multiple times, and the short-term bullish setup remains active as long as price stays above this zone.
What price targets do analysts identify for Ethereum?
Always Win's chart points toward the $1,820-$1,840 area as the next upside target, with first resistance near $1,800. XForceGlobal suggests a larger macro triangle pattern could be forming above Ethereum's cycle low, though this setup is still early and depends on support holding.
What does XForceGlobal say about Ethereum's macro structure?
XForceGlobal states that if Ethereum holds above its cycle low, the current pattern could develop into a major bullish accumulation phase. The analyst noted that the strategy focuses on position sizing and preparing before the larger structure confirms, rather than chasing large percentage gains at this stage.
