Ethereum is trading near the $1,850 zone as analysts point to a possible final dip setup. The next key test sits near $1,750, where $ETH could sweep lows before any stronger recovery.
Ethereum “Final Dip” Setup Points to Repeat Pattern
Ethereum is trading near the marked final dip zone on the 3-day chart, according to Trader Tardigrade. The chart compares the current $ETH structure with a previous setup from early 2025, where price broke below a rising channel, formed a low, and then started a strong recovery.
Ethereum Final Dip Pattern. Source: Trader Tardigrade on X
The current structure shows $ETH breaking below a similar upward channel after failing near the $2,300-$2,400 area. Price then moved toward the $1,850-$1,900 zone, which the analyst marks as the final dip area.
The comparison suggests $ETH may be repeating the same cycle: rally, channel formation, breakdown, final dip, and recovery. In the previous setup, Ethereum bounced after the final dip and later moved into a much stronger uptrend.
The projected path on the chart points to a possible recovery toward $3,000-$3,300 first, followed by a larger move toward the $6,000-$6,500 range later in 2026. However, this projection depends on $ETH holding the current dip zone and repeating the earlier pattern.
If $ETH loses the $1,850 area, the setup would weaken. A recovery above $2,100-$2,300 would make the bullish comparison stronger.
Ethereum Relief Rally Could Precede Retest of $1,750 Support
Ethereum may see a short-term recovery before revisiting lower support levels, according to analyst Always Win. The chart outlines a scenario where $ETH first rebounds toward nearby resistance before dropping to sweep the previous low near $1,750.
Ethereum Relief Rally Setup. Source: Always Win on X
The chart shows $ETH trading around $1,845 after a sharp decline from the $1,960 resistance area. Price has also broken below a descending trendline, while nearby resistance zones are marked around $1,875 and $1,935-$1,940.
According to the analysis, Ethereum could first stage a relief rally toward those resistance levels. Such a move would allow price to recover part of the recent losses before sellers regain control.
The projected path then shows $ETH declining toward the $1,748 area, which aligns closely with the previous swing low. Analysts often watch these zones for liquidity sweeps, where price briefly moves below an established low before reversing direction.
If that support is reclaimed after the retest, the chart suggests Ethereum could begin a stronger recovery and potentially move back toward the $1,960 resistance level. However, the projected scenario depends on $ETH following the outlined sequence of relief rally, support sweep, and recovery.
