Ethereum has reclaimed $1,750, giving bulls their first meaningful sign of a wider recovery. However, the long-term downtrend remains intact unless $ETH breaks resistance, leaving $2,100 above and $1,200 below as the two major scenarios.
Ethereum Faces Another Rejection as $1,200 Risk Returns
Ethereum is testing the same descending trendline that has rejected every major recovery attempt since 2025. Another failure near $1,850 could keep the bearish structure intact and expose significantly lower support.
$ETH weekly chart. Source: Mister Crypto/X
The chart highlights four contacts with the trendline, near $4,600, $3,300, $2,400 and now $1,850. Each previous rejection produced a lower high followed by renewed selling, showing that buyers have repeatedly failed to change the wider trend.
$ETH must close above the trendline and hold it during a retest before the current bounce can become a credible reversal. A brief move above resistance followed by an immediate drop would instead risk trapping late buyers.
If sellers regain control, $1,500 is the first major area to watch. Losing that support could open the way toward $1,315 and the projected $1,200 target.
The bearish case would weaken if Ethereum breaks the trendline and begins forming higher weekly highs. Until then, the latest recovery remains another bounce inside a broader downtrend.
Ethereum Reclaims $1,750 as Bulls Target $2,100
Ethereum has turned the $1,750 level back into support, marking its first meaningful support-resistance flip during the current downtrend. Holding this area could signal a broader shift in market structure and open the way toward $2,100.
$ETH weekly chart. Source: Daan Crypto Trades/X
The chart shows $1,750 acting as an important reaction level several times since 2025. $ETH recently moved back above it and is now attempting to hold the level during a retest, suggesting buyers are beginning to defend former resistance.
The next major test sits between roughly $2,107 and $2,167. This area has repeatedly acted as support and resistance, so a clean weekly close above it would strengthen the recovery and confirm a higher high.
However, the bullish setup depends on Ethereum remaining above $1,750. A weekly move back below that level would invalidate the support flip and raise the risk of another decline toward $1,600-$1,500.
