Ethereum is holding a major long-term trendline, but the recovery still needs one clear confirmation. If $ETH cannot close above $1,800 on the weekly chart, the risk of a deeper move toward $1,200 stays alive.
Ethereum’s Trendline Hold Could Decide the Next Big Move
Ethereum is still trying to defend a long-term rising trendline, with the weekly chart showing price squeezed between major support and descending resistance. A strong hold here could keep the recovery case alive, while a breakdown would weaken the broader structure.
$ETH/USD weekly chart. Source: The Great Mattsby on X, TradingView
The chart shows $ETH trading inside a large triangle structure that has been forming for several years. The lower trendline has acted as support during major pullbacks, while the upper trendline has capped several recovery attempts.
That makes the current area important. Ethereum is testing the lower side of the structure again, and buyers need to defend it to keep the broader setup intact.
If $ETH holds this trendline, the next key test would be the upper resistance line, which sits near the $1,800-$2,000 area on the chart. A clean break above that zone would be a stronger signal that momentum is shifting back toward buyers.
However, a weekly breakdown below the rising support line would weaken the pattern. That would suggest $ETH is losing one of its main long-term support structures and could need more time to build a stable base.
For now, the chart is simple. Ethereum is still holding the trend, but bulls need a stronger reaction soon to turn this support test into a real recovery setup.
Ethereum’s $1,800 Test Could Decide Whether $1.2K Comes Next
Ethereum is pushing into a key resistance area, but one analyst says the bigger trend stays at risk unless $ETH starts closing weekly candles above $1,800. Without that reclaim, the chart still leaves room for a deeper move toward $1,200.
$ETH/USD chart. Source: Abundance | Capital Rotation on X, TradingView
The chart shows $ETH moving higher after holding support near the mid-$1,500 range, but price is now approaching a resistance zone around $1,771-$1,794.
That area matters because it sits just below the larger $1,800 level mentioned by the analyst. A weekly close above $1,800 would be the first stronger sign that buyers are taking control again.
Until then, the setup remains cautious. Abundance said $ETH could still eventually revisit the $1,200 area if it cannot reclaim and hold above that weekly level.
The chart also highlights nearby support around $1,631 and $1,583. If $ETH rejects from resistance, those levels could become the first areas to watch before any deeper move develops.
The analyst also pointed to time cycles, saying they still show a clear rhythm in market flows. In simple terms, the chart suggests $ETH may be moving through a short-term recovery phase, but the larger trend still needs confirmation.
For now, $1,800 is the key line. A clean weekly close above it would improve the bullish case, while continued rejection could keep the $1,200 downside scenario in play.
