Ethereum trades above $1,700 support, with $1,960 resistance in focus

Short-term outlook highlights $1,709 support

According to analyst Jesse Peralta, a key gap has emerged on the charts just below the current price, around $1,709.50. With Ethereum trading close to $1,737 in these visuals, Peralta points out that the likelihood of ETH retesting this lower region before making its next significant move remains on the table.

Should Ethereum pull back to the $1,710–$1,709 range and hold, this could create a healthier technical base. On the other hand, dropping below $1,709 and failing to reclaim $1,700 would increase market pressure.

In this scenario, the first downside support stands at $1,692, while a deeper pullback could bring the $1,650 level into play. As a result, the $1,700 zone is seen as the primary threshold for short-term direction.

$1,960 stands out as a major resistance

An analysis from Ali Charts reveals that, despite dramatic price swings in recent years, Ethereum remains near levels last seen in March 2021. Their long-term chart highlights $1,960 as a key resistance, with $2,850, $3,740, and $4,635 marked as the next important targets above it.

This setup suggests that $1,960 is not just critical in the short run—it also serves as a decisive level on a broader time frame. A monthly close above this region would signal technical improvement, while staying below it could leave Ethereum trading in a weaker band between $1,692 and $1,960.

Key milestones shape the path to bigger targets

In the near term, the $1,740–$1,750 zone is the first area of resistance. A break above this band, followed by a move above $1,850, would indicate strengthening buyer momentum. Surpassing $1,960 could then clear the way for a recovery trajectory extending to $2,850.

Looking long-term, analyst Trader Symba points to $4,862.37 as the region representing a major breakout above previous peaks. If Ethereum manages to exceed $2,850 and $3,740 and ultimately break above $4,862, the possibility of revisiting a $10,000 target could return to the agenda.

Institutional accumulation narrative gains strength

A Cointelegraph update reports that Bitmine has purchased over 1.4 million ETH since December 2025, boosting its reserves to 5.54 million ETH—worth approximately $9.40 billion and accounting for 4.58% of the circulating supply. The company is now 91.7% of the way to its goal of owning 5% of total Ethereum supply.

Glossary: Circulating supply refers to the total amount of a crypto asset actively available for trading in the market. Institutional accumulation describes a pattern in which companies or large investment entities engage in regular, long-term purchasing activity.

This situation is viewed as further evidence underpinning the narrative of growing institutional demand for Ethereum. Nevertheless, in the short term, the decisive price levels remain unchanged, with the tug-of-war between the $1,700 support and $1,960 resistance taking center stage for now.