Ethereum Tests $1,957 Support as $1,866 Target Comes Into Focus
Ethereum (ETH) is currently testing a critical support zone near $1,957 after reacting to a recent news-driven wick on the H1 timeframe. Price action suggests the market is working through liquidity left behind during February 2025 volatility.
For now, the short-term bias remains bearish unless invalidated by a decisive structural shift.
Key Technical Levels in Focus
$1,957: Structural Support
Ethereum has already retraced approximately 50% of the prior news wick, signaling that liquidity is actively being processed. The immediate level to monitor is the $1,957 low.
A confirmed break below this level would represent a market structure shift and open the door to continuation toward the primary downside objective near $1,866.
$1,866: Primary Liquidity Target
The $1,866 zone represents the current draw on liquidity (DOL) and serves as the central magnet in the prevailing bearish framework. If $1,957 fails, traders are positioned to target this level as the next major support area.
Importantly, some market participants indicate they may not fully close short positions at $1,866 in case Ethereum prints new lower lows. However, if liquidity below this level is absorbed, attention will shift toward identifying high-probability reversal signals.
Alternative Scenario: Liquidity Sweep and Rejection
An alternative setup remains in play. If Ethereum first sweeps the wick highs and then forms a confirmed market structure break (MSB) to the downside, analysts would still look to target the same $1,866 liquidity zone.
This reinforces the idea that both a clean structural breakdown or a liquidity sweep followed by bearish confirmation support continuation toward lower levels.
Invalidation Level: $2,047
The bearish thesis has a clearly defined invalidation point.
The H1 swing high near $2,047 acts as the level that would negate the current short bias. A decisive move above this resistance would invalidate the bearish structure and shift short-term momentum in favor of buyers.
Why This Matters
Ethereum is currently positioned at a “decision zone,” with $1,957 and $2,047 defining short-term structure boundaries.
- Below $1,957 → Increased probability of acceleration toward $1,866
- Above $2,047 → Bearish thesis invalidated
- Between both levels → Elevated volatility and consolidation risk
With liquidity concentrated near $1,866, price action around these structural levels is likely to determine the next directional move.
Outlook
As February 2025 volatility continues to unwind, Ethereum remains highly reactive to liquidity dynamics. The $1,957 level represents the immediate pivot. If it holds, a bounce toward $2,047 becomes possible. If it breaks, the $1,866 liquidity target becomes the primary focus.
For traders, this is a conditional setup driven by structure and liquidity rather than macro fundamentals. Close monitoring of price behavior at these defined levels is essential.
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