ETH is at present trying to stabilize after bouncing from an accumulation zone (the pink space) round $1,400–$1,600.
The identical area served as help throughout Ethereum’s 2023–2024 consolidation and once more round its 2025 market backside, previous rallies of roughly 175% and 258%, respectively.
A rebound from the buildup vary may initially ship ETH towards the wedge’s higher trendline, at present approaching the $2,300–$2,500 area.
A decisive breakout above the resistance would strengthen the reversal thesis, placing the 0.50 Fibonacci retracement degree close to $2,885 into focus, adopted by the 0.618 Fib degree round $3,312.
The latter would signify roughly a 70%–75% rally from present costs.
