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Ethereum (ETH) — My Current Market Analysis & Trading View
Ethereum is currently trading around $1,735–$1,740, remaining under pressure after falling from recent highs near $1,790. The market structure has weakened significantly over the past few weeks, and ETH is now testing a critical support zone that could determine its next major move.

From a technical perspective, Ethereum remains in a bearish trend. The price is trading below both the 60-day moving average ($2,085) and the 200-day moving average ($2,390), which indicates that buyers have not yet regained control. In addition, ETH has broken below its previous rising trendline support, further increasing downside risk.

One of the most important areas I am watching is the $1,700–$1,735 support zone. This is the current battleground between bulls and bears. If Ethereum successfully defends this level, a short-term recovery could develop. However, if this support fails, the next major demand area sits between $1,590 and $1,640, where stronger buying interest may emerge.

The RSI remains between 39 and 44, suggesting weak momentum but also indicating that Ethereum is approaching oversold territory. This does not guarantee a reversal, but it does mean that traders should watch closely for signs of exhaustion from sellers.

On the upside, Ethereum faces immediate resistance around $1,836–$1,850. A breakout above this area would be the first sign that bullish momentum is returning. The next major target would be $2,000, which is both a psychological level and a former support zone that now acts as resistance. If ETH can successfully reclaim and hold above $2,000, the path toward $2,150 becomes much more realistic.

My current target plan is:
Target 1: $1,850
Target 2: $2,000
Target 3: $2,150
Extended Target: $2,350–$2,400
Risk Zone: Below $1,700
Major Support: $1,590–$1,640

Despite the current bearish structure, Ethereum still has strong long-term fundamentals. Continued growth of Layer-2 networks, institutional adoption, and Ethereum's deflationary tokenomics remain important factors that could support future price appreciation. Several analysts continue to maintain long-term targets far above current prices, although those projections depend on market conditions improving significantly.

My current view is cautious. As long as Ethereum remains below $2,000, the market structure favors patience over aggressive buying. A successful reclaim of that level would greatly improve the bullish outlook. Until then, risk management, disciplined entries, and careful monitoring of support levels remain essential.

For me, the biggest lesson in trading is that preserving capital comes first. Markets will always provide new opportunities, but only disciplined traders are able to take advantage of them consistently.

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