Ethereum is showing signs of recovery after enduring months of selling pressure and breaking out of its downtrend for the first time since December 2024, indicating a potential momentum shift.
Despite trading below $2,000, bulls are defending critical demand zones as Ethereum consolidates around $1,800, with hopes of reclaiming lost ground and establishing a bullish structure.
Technical analysis suggests that Ethereum needs to sustain its recent strength to push above $2,000, marking a key psychological and technical barrier, with the next few days expected to be critical for Ethereum's momentum.
ETH is currently consolidating near major support zones, awaiting a decisive move to determine its near-term trend, with bulls struggling to reclaim the $2,000 level but showing signs of building bullish structure.