Ethereum remains steady above the $1,800 mark despite many unsuccessful attempts to break higher. The current price action signals a potential shift, with volatility compressing and momentum building for a significant move in either direction. After months of selling pressure and weak performance compared to Bitcoin, analysts now believe that ETH is approaching a critical turning point.
Top analyst Ted Pillows has shared an important technical observation, highlighting the formation of a long-legged Doji candle on the monthly timeframe of Ethereum. This type of candle often reflects intense indecision in the market, where both buyers and sellers test extreme levels, but neither side gains clear control when closing. It is often seen near major turning points, particularly after prolonged downtrends or consolidations.
If Ethereum can reclaim the $2,000 level in the upcoming sessions, this will confirm a bullish intent and open the door for a stronger rally. On the other hand, failing to hold above $1,750 could trigger new bearish pressure, potentially testing deeper support areas.
For now, ETH is still stuck in a narrow range, but the technical setup and market structure suggest a decisive breakout that could soon define Ethereum's path in the coming weeks.
The main resistance level of Ethereum limits the increase.
Ethereum has traded below $2,000 since the end of March, and this prolonged consolidation signals a market still searching for direction. Although it has recovered from local lows, ETH is still down more than 55% from its December highs, reflecting the overall weakness in the altcoin market. Bullish speculators have tried to hold the $1,800 level, but a sustained breakout above major supply zones like $2,000–$2,100 is needed to confirm any meaningful reversal.
In the short term, Ethereum has begun to build a more bullish structure, with higher lows forming on the daily charts. This indicates that buyers are gradually regaining control, although selling pressure remains strong. Volume continues to decline during bullish moves, and without a decisive breakout, the price may continue to move sideways or revert to lower support areas near $1,700 or $1,550.
The market sentiment is cautiously optimistic, with analysts closely monitoring technical signals to confirm Pillows indicating that ETH has recently formed a long-legged Doji candle on the monthly chart—a rare pattern that often signals market indecision or the beginning of a trend reversal.
If this candle marks a turning point, Ethereum may be preparing for a breakout. However, until the buyers reclaim the key resistance level, the risk of moving into lower demand areas remains very real.
ETH price consolidates as Bulls Eye Breakout
Ethereum is currently trading at $1,830, holding steady after several days of tight consolidation between $1,750 and $1,850. This narrow range has defined recent price action, as buyers and sellers remain stuck in a tug-of-war near the key resistance level. For buyers to maintain control and confirm the reversal structure, a decisive breakout above $1,850 is crucial. Regaining the $2,000 level could potentially spark new buying momentum and shift short-term sentiment in a bullish direction.
However, the longer ETH is restricted below the resistance level, the greater the risk of a collapse. If the buyers do not soon surpass the $1,850 level, selling pressure may increase. Losing support at $1,750 could open the door for a move back to the $1,700 area. Further weakness from there could pull ETH down to test the $1,500 level, where previous demand had stepped in.
With macroeconomic uncertainty still weighing on the market and Ethereum underperforming Bitcoin, traders are closely watching the decisive move. Until then, ETH remains stuck in a narrow range, where momentum is building and the possibility of a breakout or collapse may just be just around the corner.
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ETH on the Brink of Breakthrough: Monthly Doji Candle Signals Major Volatility?
Ethereum remains steady above the $1,800 mark despite many unsuccessful attempts to break higher. The current price action signals a potential shift, with volatility compressing and momentum building for a significant move in either direction. After months of selling pressure and weak performance compared to Bitcoin, analysts now believe that ETH is approaching a critical turning point. Top analyst Ted Pillows has shared an important technical observation, highlighting the formation of a long-legged Doji candle on the monthly timeframe of Ethereum. This type of candle often reflects intense indecision in the market, where both buyers and sellers test extreme levels, but neither side gains clear control when closing. It is often seen near major turning points, particularly after prolonged downtrends or consolidations. If Ethereum can reclaim the $2,000 level in the upcoming sessions, this will confirm a bullish intent and open the door for a stronger rally. On the other hand, failing to hold above $1,750 could trigger new bearish pressure, potentially testing deeper support areas. For now, ETH is still stuck in a narrow range, but the technical setup and market structure suggest a decisive breakout that could soon define Ethereum's path in the coming weeks. The main resistance level of Ethereum limits the increase. Ethereum has traded below $2,000 since the end of March, and this prolonged consolidation signals a market still searching for direction. Although it has recovered from local lows, ETH is still down more than 55% from its December highs, reflecting the overall weakness in the altcoin market. Bullish speculators have tried to hold the $1,800 level, but a sustained breakout above major supply zones like $2,000–$2,100 is needed to confirm any meaningful reversal. In the short term, Ethereum has begun to build a more bullish structure, with higher lows forming on the daily charts. This indicates that buyers are gradually regaining control, although selling pressure remains strong. Volume continues to decline during bullish moves, and without a decisive breakout, the price may continue to move sideways or revert to lower support areas near $1,700 or $1,550. The market sentiment is cautiously optimistic, with analysts closely monitoring technical signals to confirm Pillows indicating that ETH has recently formed a long-legged Doji candle on the monthly chart—a rare pattern that often signals market indecision or the beginning of a trend reversal.
If this candle marks a turning point, Ethereum may be preparing for a breakout. However, until the buyers reclaim the key resistance level, the risk of moving into lower demand areas remains very real. ETH price consolidates as Bulls Eye Breakout Ethereum is currently trading at $1,830, holding steady after several days of tight consolidation between $1,750 and $1,850. This narrow range has defined recent price action, as buyers and sellers remain stuck in a tug-of-war near the key resistance level. For buyers to maintain control and confirm the reversal structure, a decisive breakout above $1,850 is crucial. Regaining the $2,000 level could potentially spark new buying momentum and shift short-term sentiment in a bullish direction.
However, the longer ETH is restricted below the resistance level, the greater the risk of a collapse. If the buyers do not soon surpass the $1,850 level, selling pressure may increase. Losing support at $1,750 could open the door for a move back to the $1,700 area. Further weakness from there could pull ETH down to test the $1,500 level, where previous demand had stepped in. With macroeconomic uncertainty still weighing on the market and Ethereum underperforming Bitcoin, traders are closely watching the decisive move. Until then, ETH remains stuck in a narrow range, where momentum is building and the possibility of a breakout or collapse may just be just around the corner.