Ethereum Breaches $1.850: Rally Towards $2.000 in Sight

The Ethereum price shows a positive sign: the $1.850 level has been recovered and buyers are stepping in on every dip. Analyst TedPillows states that this is a good sign, and that the next major move towards $2.000 is on the cards if Ethereum can hold this level. At the time of writing, ETH stands at $1.867, up 1.3% over the past 24 hours.

Ethereum is available at OKX and Bybit.

Buyers respond to every dip

TedPillows’ analysis shows that buyer behaviour is currently encouraging. Where Ethereum previously lost ground for weeks on end, we now see that every decline is quickly absorbed. That pattern indicates growing confidence among traders, and suggests that demand for ETH at this level is strong enough to support the price.

On the daily chart, $1.869 forms an important support zone, while $1.894 acts as resistance just above. If Ethereum manages to leave that zone behind, the path to $2.009 and eventually $2.030 opens up. We previously wrote about a possible upward trend towards $2.000.

Important levels to watch

If the price cannot hold the $1.850 level, TedPillows also outlines a bearish scenario. In that case, several possible pullback scenarios are visible on the chart, with support levels around $1.725 and a deeper level towards $1.565. The latter level serves as a strong long-term bottom.

The coming days are therefore crucial for Ethereum. As long as the price remains above $1.850, the chance of a further rise increases. Nevertheless, analysts warn that sentiment can quickly turn on disappointing market news. Anyone who wants to follow the latest Ethereum developments should keep a close eye on the key zones from the analysis above.