Analysts are eyeing a key level that could define Ethereum’s next major move. According to crypto trader Friedrich, ETH needs a weekly close above $2,625 to reactivate a potential run toward $4,000. He noted that flipping $2,625 back into support on the weekly timeframe would be the trigger for that upside scenario.
After a sharp sell-off, ETH slipped below the $2,623 zone, with a large bearish candle driving price from the upper $2Ks into the low $2Ks. The chart highlights a demand area around $1,900, where price briefly wicked before bouncing, suggesting buyers are defending that zone. Overhead, a supply region in the low-to-mid $4Ks aligns with Friedrich’s $4,000 target if $2,625 is reclaimed.
🔸 $2,000 Reclaimed, $2,100 Now the Hurdle
Crypto analyst Ted Pillows pointed out that ETH has reclaimed the $2,000 level, signaling a possible short-term bottom. However, he emphasized that further upside depends on clearing $2,100, a former support zone that later flipped into resistance.
On the daily ETHUSDT chart, price hovered near $2,025 after breaking down from prior supports at $2,600 and $2,400. Below current levels, additional demand zones sit near $1,870 and $1,690, while $2,100 stands as the immediate resistance to beat.
