Ethereum Trades Within High-Timeframe Range Boundaries A closer look at the chart shows that ETH swept the 2021 ATH, faced rejection, and has been trending downward since. Along the way, ETH took out an untapped monthly low around $1,750, triggering a push back toward the $2,300 region, but momentum faded as price slipped back below $2,151.
On the downside, the next major level to watch lies around $1,537, where weekly equal lows are positioned. While ETH may hit the level, it is not expected to mark the ultimate bottom. For a broader macro reversal, a sweep of the $1,384 low is anticipated, with a potential extension into the $1,190–$1,148 region, which stands as the primary target for a cycle bottom.
