Ethereum is holding a short-term support zone while analysts watch for another push toward $1,840. Bigger picture, $ETH may still be building a macro accumulation base, but the bullish case depends on buyers defending the cycle low.
Ethereum Long Setup Points to Possible Move Toward $1,840
Ethereum is trying to build a short-term breakout setup after holding a key support zone. If buyers defend the $1,720-$1,745 area, $ETH could attempt another push toward the $1,820-$1,840 range.
$ETH/USDT 1-hour chart. Source: Always Win on X, TradingView
The chart shows $ETH moving sideways after its recent rally, with price holding above a marked support box near the $1,720-$1,745 area.
That zone matters because buyers have defended it several times. As long as $ETH stays above this area, the short-term bullish setup remains active.
According to Always Win, the setup has already moved into profit. The projected path on the chart suggests $ETH could dip back toward support before attempting another move higher.
The first resistance area sits near $1,800. A clean move above that level would strengthen the breakout case and show that buyers are regaining control.
Above that, the chart points toward the $1,820-$1,840 area as the next upside target. That would mark a stronger continuation move if momentum follows through.
However, the setup still depends on support holding. If $ETH loses the $1,720-$1,745 zone, the bullish structure would weaken and price could return to a wider range.
For now, the support box is the key signal. Holding it keeps the short-term upside setup alive, while a breakdown would delay the move toward $1,840.
Ethereum Triangle Setup Could Become a Major Accumulation Phase
Ethereum may be forming a large macro triangle as long as price holds above the cycle low. If that structure stays intact, one analyst says $ETH could be building an accumulation base before a much larger move.
$ETH/USD chart. Source: XForceGlobal on X, TradingView
The chart shows $ETH holding above its broader cycle low while moving through a long corrective structure.
According to XForceGlobal, if Ethereum can stay above that cycle low, the current pattern could develop into a major bullish accumulation phase.
The analyst’s chart maps a large triangle idea, with $ETH potentially moving sideways inside the structure before a stronger breakout later. In this view, the market may need more time to build a base before the next expansion begins.
That makes the cycle low the key level. As long as $ETH holds above it, the broader accumulation case remains alive.
However, the setup is still early. A clean breakdown below the cycle low would weaken the triangle idea and suggest Ethereum may need a deeper reset.
XForceGlobal also noted that the strategy for bulls is not only about chasing a large percentage gain. At this stage, the focus is position size and preparing before the larger structure confirms.
For now, Ethereum’s macro setup depends on support holding. If the cycle low remains protected, the triangle could become the foundation for the next major bullish phase.
