Ethereum is testing a critical support zone near $1,750 after sweeping its February lows and returning to the bottom of its multi-month range. Analysts say ETH must hold the $1,700-$1,800 area to avoid a deeper move toward the weekly order block near $1,600. Ethereum Price Tests Critical Support After Sweeping February Lows Crypto analyst Daan Crypto Trades highlighted a key support test for Ethereum (ETH) after the asset returned to the bottom of its multi-month trading range and briefly moved below its February lows. Ethereum Daily Chart (ETH/USDT). Source: Daan Crypto Trades on X / TradingView The chart shows ETH falling to the $1,730-$1,750 area, a zone that previously acted as support during the February sell-off. The latest decline pushed price below those earlier lows before buyers stepped in, creating what traders often describe as a liquidity sweep. A liquidity sweep occurs when price briefly breaks below a well-known support level, triggering stop-loss orders and liquidating leveraged positions before attempting to recover. The chart highlights a similar event in February, where ETH dipped below support and later rebounded. According to Daan Crypto Trades, the current range low represents a critical level for bullish market participants. Holding this area could allow Ethereum to remain within its broader trading range that has been in place since February. The chart also shows a major resistance zone between roughly $2,340 and $2,380. ETH previously failed to break above that region several times during April and May before the latest decline accelerated. Trading volume increased during the recent sell-off, suggesting heightened market activity as Ethereum tested support. If buyers continue defending the range low, traders may watch for signs of stabilization. However, a sustained break below the February lows could open the door for a deeper correction and a potential shift in market structure. Ethereum Price Holds $1,750 Support as Analyst Warns of Possible Drop to $1,600 Crypto analyst Team LAMBO said Ethereum (ETH) has reached its initial bearish target near $1,750 but remains at a critical support zone that could determine its next major move. Ethereum Weekly Chart (ETH/USDT). Source: Team LAMBO on X / TradingView The chart shows ETH breaking below its 2026 lows before finding support near $1,750. According to the analyst, that downside target has now been fulfilled, but the recent bounce has not been strong enough to confirm a trend reversal. Team LAMBO highlighted several technical factors supporting the $1,700-$1,800 area. The zone contains the 0.882 Fibonacci retracement level near $1,803 and a weekly fair value gap (FVG) around $1,700. These overlapping support levels create a confluence area that could attract buyers. Despite the support cluster, the analyst noted that Ethereum remains vulnerable while trading below key resistance. The chart identifies a weekly order block (OB) near $1,600 as the next major downside area if current support fails to hold. The broader structure shows ETH trading within a long-term descending channel that has guided price action since late 2025. Recent attempts to recover toward the upper boundary of the channel were rejected, leading to the latest decline. Team LAMBO said he remains neutral in the short term and is watching two key levels for confirmation. A weekly move above $1,900 could improve the bullish outlook, while a breakdown below $1,700 would strengthen the bearish case and increase the likelihood of a move toward the $1,600 weekly order block.
