Ethereum is attempting to recover after defending the $1.5K region once more, but the broader trend remains under pressure. The price is now approaching a major confluence resistance area that could determine whether this rebound develops into a larger trend reversal or remains another relief rally within the prevailing downtrend.
The daily chart continues to reflect a bearish market structure. ETH remains below the descending long-term trendline, as well as the 100-day and 200-day moving averages, all of which continue to slope lower. This alignment suggests sellers still maintain control from a broader perspective.
Following the sharp decline into the $1.5K support zone, buyers managed to trigger a recovery toward the $1.8K resistance area. This level coincides with the previous horizontal support that has now turned into resistance and sits just beneath the descending channel trendline, creating a significant supply zone.
A successful daily close above the trendline and the $1.8K region would be the first meaningful technical improvement and could expose the next resistance around $2K to $2.2K, where another major supply zone and moving average cluster await.
Failure to reclaim the current resistance would likely reinforce the broader bearish structure and increase the probability of another move toward the $1.5K support. Losing that area would pave the way toward the channel’s lower boundary below $1.2K.
On the 4-hour timeframe, Ethereum has produced a stronger short-term recovery after defending the $1.5K demand zone for a second time. The rebound has carried the price back toward the upper boundary of the pattern that has entrapped the price since early June.
ETH is now testing the $1.75K to $1.8K resistance while simultaneously confronting the descending trendline. This makes the current area particularly important for short-term direction.
A confirmed breakout above both the trendline and horizontal resistance would invalidate the sequence of lower highs and could accelerate buying toward the $larger $2K to $2.2K supply zone also visible on the daily timeframe. On the other hand, rejection from this region would preserve the existing bearish structure. In that case, the first support remains around $1.7K, followed by the $1.6K area, while the key demand zone continues to sit near $1.5K.
Momentum has also improved considerably during the latest advance, with the RSI climbing toward overbought territory. While this reflects strengthening buying pressure, it also suggests that bulls may need a period of consolidation before attempting a decisive breakout.
The exchange reserve chart presents one of the more constructive long-term signals for Ethereum. Exchange balances have fallen significantly from a
小靓分析：
🦊 小靓解读
ETH在$1.5K获得支撑后反弹，但日线仍受下降趋势线和均线压制，$1.8K是多空分水岭，突破则看$2K，受阻则回测$1.5K。
📊 市场影响
短线反弹动能取决于能否站稳$1.8K，若放量突破可能扭转中期偏空结构；否则视为技术性修复，继续震荡筑底。
💡 操作建议
建议在$1.8K附近观察确认信号再入场，突破后轻仓跟多，止损设$1.7K下方；若受阻回落，可等$1.5K支撑位低吸。控制仓位，规避方向选择风险。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。