Ethereum (ETH) Price Prediction: ETH Holds Near $1,580 as Bulls Watch $1,750 Reclaim and $1,070–$1,370 Bid Zone

Ethereum price is back in focus as ETH trades near $1,579.52 after a small 24-hour recovery, according to Brave New Coin data. The bounce is helpful, but the broader structure is still under pressure because ETH remains below several important reclaim levels.

The chart shared by Ted Pillows shows ETH tapping the lows again while momentum remains weak. The key technical point from his chart is that Ethereum is still trading below the $1,750 resistance area, but a reclaim of that level could open the door for a relief rally next month.

Ethereum retests its recent lows as bulls watch the $1,750 reclaim level for a possible relief rally towards $1,980–$2,000. Source: Ted Pillows via X

If ETH can push above $1,750 and hold it as support, the next recovery target becomes the $1,980–$2,000 area. Above that, $2,079 becomes the next major supply zone. However, if ETH fails to reclaim $1,750, the bounce may remain weak, and price could revisit $1,560, then $1,500, and possibly the $1,370 region.

Famous crypto analyst Ali Charts highlighted that ETH is trading inside a major volume block between $1,584 and $1,683, where nearly 4 million tokens have changed hands. The key technical point from this chart is that this range now acts as a major decision zone for Ethereum.

Ethereum trades inside a major $1,584–$1,683 volume block, making this range the key decision zone for the next ETH move. Source: Ali Charts via X

If ETH secures $1,584–$1,683 as support, the path opens towards the next supply clusters at $1,980 and $2,079. But if price breaks below $1,584 and fails to reclaim it, the market can lose this volume block and move towards lower support around $1,500, then $1,370.

ETH whale categories are now underwater, with unrealized profit ratios turning negative. The key point from the analyst is that this has not happened often, and the chart compares the current condition with the 2019 period, when whales were also at a loss.

ETH whales turn underwater, signaling capitulation-like stress. Source: Darkfost’s via X

This does not mean ETH must bottom immediately, but it does show that the market is entering a stress zone. When large holders are underwater, price often trades close to major long-term value areas. For ETH, that makes the $1,584–$1,500 region important in the short term, while the deeper $1,370–$1,070 bid zone remains the larger downside area if weakness continues.

Cyclop points to heavy buying interest between $1,070 and $1,370. Ethereum is already oversold on the higher timeframe, and this lower zone could become a major accumulation area if the price continues falling.

Ethereum’s deeper accumulation zone sits between $1,070 and $1,370. Source: Cyclop via X

This means ETH has little room to lose key support without triggering a deeper sweep. If $1,500 fails, the market could first move towards $1,370. Below that, the full bid zone extends towards $1,070. For bulls, defending $1,584 and reclaiming $1,750 would be the stronger outcome because it would reduce the chance of this deeper move.

Ethereum is near a lower-cycle line, with the analyst ChiefraFba suggesting that even bearish setups can end in a bullish way. The key technical point is that ETH may still need to trade below 2021 support before a stronger long-term reaction begins.

Ethereum’s cyclic fractal points to a possible long-term bullish reversal after a deeper support sweep. Source: ChiefraFba via X

The line appears to sit around the $1,300–$1,200 region, which also overlaps with the deeper bid zone from the other chart. If ETH sweeps into that area and reacts strongly, it could create the base for a larger move, which will initially rally towards the ETH ATH, followed by a run into $8000.

Ethereum price is currently trading within a critical technical range between $1,584 and $1,683, where a large volume of ETH has previously changed hands. This zone is acting as a key decision area that could determine the next directional move.

If buyers manage to defend this range, Ethereum price could attempt a move towards resistance levels at $1,750, followed by $1,980 and $2,079. On the downside, losing $1,584 would weaken the structure and expose the price to further declines toward $1,500 and potentially the deeper $1,370 support zone.

Ethereum’s outlook remains cautious while price trades below the $1,750 reclaim level. A move above this zone would be the first real sign that bulls are regaining control and could open the door towards $1,980–$2,000.

Until then, the Ethereum price remains in a fragile recovery setup. Holding the $1,584–$1,683 range keeps the bullish case alive, but a breakdown below this zone would make the $1,500 and $1,370 levels the next major areas to watch.