A recent Ethereum price rebound brought renewed attention to an analyst who precisely identified its local background. With the price is now recovering strongly from this region, the same market observer describe the next key levels that could determine the direction of Ethereum in the coming weeks.
Ethereum Price Breakdown to Reversal Confirms Analyst’s Call
Ethereum’s earlier decline unfolded through a series of failed bullish structuresgradually weakening confidence in the uptrend. The first sign of trouble appeared when a bull flag collapsed near the $3,700 level, reducing expectations for continuation. This was followed by a more decisive change when an ascending triangle failed, leading to a break below the $3,000 support zone.
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Like the Ethereum price has fallen In the range of $2,000 to $1,850, the analyst highlighted $1,800 as a critical level to watch. According to him, holding this level would likely trigger a rally towards $2,650, while its loss could expose a deeper move towards $1,300, identified as a stronger accumulation zone.
Price action ultimately respected the bullish scenario. Ethereum has stabilized in the $1,800-$1,900 range, where buying pressure appeared and formed a base. From there, the market began to recover, realizing a gain of approximately 28% from the entry zone identified by the analyst.
Building on this precision, Ethereum has returned to previously resilient levels. The analyst noted a bearish flag near $2,150 that eventually broke out, signaling a change in near-term momentum. A break above $2,300 further strengthened the rally, showing that buyers were regaining control. The market’s trajectory ultimately confirmed the analyst’s call, proving that his prediction was accurate and reliable.
Ethereum builds on precise call with FVG target and $3,000 test coming
Attention has now shifted to a target identified by the analyst as the next likely area of ​​interest: the fair value gap (FVG) between $2,474 and $2,734. The analyst highlights this area as potential point where Ethereum could return before making a more decisive decision. According to him, a push above the upper limit – especially beyond $2,634 – would increase the likelihood of a test towards $3,000.
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This level should act as a key decision point. Although the rally has been strong, overhead resistance remains, including previous support areas that turned into resistance and a descending trendline visible on the chart. These factors suggest that any move to $3,000 will be closely contested.
At the same time, the analyst maintains those holding more than $1,750 is essential to preserve the current upward trend. A break below this level could weaken the structure and reintroduce downside risk.
Following the price action closely, the analyst describes what to expect next: a clear progression from breakdown to accumulation, now heading into a potential expansion phase as Ethereum approaches its next major test.
Featured image created with Dall.E, chart from Tradingview.com
