Ethereum's $1,850 Test and $2,200 Target

Ethereum is trading around $1,799 and has moved right up against $1,850 — a level traders are calling a "decisive test" for the next move. The daily chart is forming a textbook double-bottom pattern with a neckline sitting around $1,846 — breaking through it is what will decide whether the rally continues.

Key levels

$1,850 — resistance / double-bottom neckline: a confirmed break above opens the door to further upside
$2,200 — the pattern's measured-move target if the $1,850 breakout holds
$1,750 — critical support: losing it invalidates the entire bullish setup

What the indicators show

The Aroon indicator favors buyers, with the bullish line holding above 90%. Chaikin Money Flow has turned positive again, pointing to capital flowing back into the asset. In derivatives, major short-liquidation clusters sit between $1,800 and $1,850, with additional liquidity near $1,900 — a decisive break through these levels could force short covering and accelerate the move up.

What traders are saying

Analyst Ali Martinez said: "I'm going LONG on Ethereum $ETH if it breaks $1,850." Another trader, Ted Pillows, noted that "$ETH held above its $1,750 support zone," suggesting buyers are still defending that level.

What could get in the way

Alongside the technical picture, macro risks remain in play: US inflation data and Fed signals remain critical for market sentiment. Additional pressure on demand is coming from spot Ethereum ETF outflows and reduced network fee revenue following the Dencun upgrade.

What this means in practice

The $1,850 level is currently the functional dividing line between two scenarios: a confirmed breakout strengthens the technically grounded bullish case toward roughly $2,200, while a slide back below $1,750 wipes it out entirely. Until either level is decisively broken, the current range is best treated as a zone of uncertainty, not a signal to act on.

This material is for informational purposes only and is not investment advice.