Ethereum is trading near $1,576 on its weekly chart and $1,572 on its monthly chart as the cryptocurrency revisits demand zones that previously marked major cycle bottoms. Analysts Kamran Asghar and CJ, using TradingView data shared on X, compare Ethereum's current pullback with its 2022 bottom area and highlight $1,368 as the next key support level to watch. The weekly chart shows ETH below a blue moving average near $2,498, with RSI near 30 approaching oversold territory, while the monthly chart points to equal lows near $1,368 that have held since 2022, with the 2021 low near $881 serving as deeper support if selling pressure continues. The analysis presents two scenarios: a potential bullish reversal if ETH holds the $1,500 to $1,600 zone on the weekly chart, or a move toward $1,368 and possibly $881 if current support levels break. Technical indicators show weak momentum with monthly RSI near 40, suggesting the market remains under pressure without confirming an immediate bottom.
Kamran Asghar's Weekly Chart Shows Ethereum Near 2022 Demand Zone
Kamran Asghar's weekly chart analysis compares Ethereum's current position with its 2022 bottom area. ETH is trading around the same lower support region, with the analyst marking the zone as a possible area for a bullish reversal if history repeats. The chart shows Ethereum below the blue moving average near $2,498, which acts as a major resistance area if ETH starts to recover. A move back above the moving average would strengthen the reversal case.
RSI is near 30, close to oversold territory. This indicates selling pressure is stretched, but does not confirm a bottom is already in. ETH needs a clear recovery from the demand zone before the chart structure turns stronger. If ETH holds the $1,500 to $1,600 zone, buyers may attempt to push price back toward higher resistance. If that area breaks, the bullish setup would weaken.
CJ's Monthly Chart Highlights $1,368 as Next Support Level
CJ's monthly chart analysis shows ETH moving lower after failing to hold higher levels in 2025 and 2026. The analyst points to equal lows near $1,368 as the next major level that price could test. A move toward $1,368 would bring Ethereum back to a support area that has held several times since 2022. If buyers defend that zone, ETH could attempt a recovery from the lower part of its multi-year range.
The chart also marks the 2021 low near $881. That level would become relevant if ETH loses the equal lows and selling pressure continues. The monthly RSI sits near 40, showing weak momentum but not yet extreme oversold conditions. The first level to watch is $1,368. A break below that area would weaken the structure and could open the way toward the lower support zone from 2021.
FAQ
What price levels are analysts watching for Ethereum?
Analysts Kamran Asghar and CJ are watching the $1,500 to $1,600 demand zone on the weekly chart, $1,368 as the next major support level on the monthly chart, and $881 as the 2021 low that would become relevant if current support breaks.
What do the RSI indicators show for Ethereum?
The weekly RSI is near 30, approaching oversold territory, while the monthly RSI sits near 40, showing weak momentum but not yet extreme oversold conditions. Neither indicator confirms a bottom is already in.
What would confirm a bullish reversal for Ethereum?
A move back above the blue moving average near $2,498 on the weekly chart would strengthen the reversal case, along with a clear recovery from the $1,500 to $1,600 demand zone and buyers defending the support area.
