Ethereum traded near $1,900 on Binance’s 3 day ETHUSDT chart after a fresh pullback left price sitting just above a rising support band that has guided the trend since mid 2022. The latest candle in the screenshot showed $ETH down about 1.5%, with price ranging from roughly $1,812 to $1,870 before closing near the lower end of that move.
$ETH tests rising support as Don flags two paths back to an uptrend
Chart analyst Don, who posts as DonWedge on X, said Ethereum has “two scenarios” from here. First, a bounce off the current support zone. Second, a deeper dip that briefly “sweeps” the lower major support area before buyers regain control. He added that both routes still point back toward an uptrend, which he said makes timing the bottom difficult.
Ethereum USDT 3 Day Chart. Source: DonWedge on X
On the chart, two upward sloping magenta lines mark a support corridor, while a higher yellow line labels “major resistance” near the upper range that capped prior rallies. A mid range yellow level sits around the low $2,000s and is tagged as resistance on the chart, suggesting it remains a nearby reclaim point if price rebounds from the current base.
Don’s projected paths appear as dashed white lines. One path shows a quick pivot higher from the support band, while the other sketches a final dip into the lower support before a stronger climb. His post also framed Ethereum’s current stretch as quiet and easy to ignore, while warning that fast moves often start after traders stop paying attention.
$ETH risks deeper drop if 0.25 range fails, as post points to Vitalik selling
Also, Ethereum is testing the lower end of a long-running range on the multi year ETHUSD chart, as analyst Greeny warned that a breakdown could open room for a deeper move lower. In a post on X, Greeny said $ETH has “three figure” risk if it cannot hold the 0.25 range level. Greeny also tied that risk to what he called continued “click sell” behavior by Vitalik Buterin, without providing onchain proof in the post.
Ethereum Multi Year Chart. Source: Greeny on X
The chart shows repeated rejections near the upper resistance band, followed by declines toward long term support. Red dashed levels mark former reaction zones where price paused before changing direction. Each visit to the lower range has drawn buying interest in the past. However, earlier breaks from similar areas also led to extended declines before new bases formed.
Greeny listed two downside reference levels if the 0.25 range level fails. He pointed to $1,390 as the first target and $880 as the next lower area on the chart. Those zones line up with prior consolidation regions where price previously stabilized before broader recoveries.
