Crypto Sector Network report: Analysts say Ethereum (ETH) is currently in a short-term support zone. Traders aim for $1,840, while also monitoring whether the period’s low can support a broader macro accumulation phase. If buyers can defend the $1,720–$1,745 area, ETH may attempt to push back toward the $1,820–$1,840 range. The analysts say the current chart shows ETH holding steady above the $1,720–$1,745 level; if it can maintain this support, the short-term bullish structure will remain in effect. If ETH loses this support zone, it could pull back into a wider range. Overall, ETH may be forming a large macro triangle structure; if the price stays above the cycle low, this could lay the groundwork for a larger upward move in the future.

ETH2.94%
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GateUser-8f9ccfec
· 3h ago
Above the cycle low = the last dignity for the bulls; if it breaks below, the narrative collapses
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VelvetValidator
· 4h ago
In a macro triangle consolidation, this structure’s end phase often sees amplified volatility—pay attention to risk control.
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GasFeeGambit
· 4h ago
If 1720 holds, you can rest easy and sleep; if it doesn’t, you’ll be stuck watching the charts until midnight.
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ThereIsAChainInTheReflection.
· 4h ago
The 1840 level has been tested multiple times in history—can it break through this time?
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