Ethereum Defends $1,800 Support Amid Geopolitical Tensions

Ethereum has recently demonstrated resilience by defending the $1,800 support level, despite global turmoil and rising geopolitical tensions between Iran and Israel. The cryptocurrency's ability to maintain this crucial technical level has reinforced its bullish trend, even as it faced a 4.91% dip in its most recent monthly candle, hitting a low of $2,119.18 and a high of $2,878.71. This dip tested the $1,800 support level, which has been a consistent trendline since 2022, and has been respected numerous times, cementing Ethereum's worth through various market cycles.

The $1,800 support level is now the origin of a higher low, containing Ethereum in a bigger bullish trend. Ethereum has been double rejected by the $4,000–$4,400 resistance zone, initially in 2021 and more recently in early 2024. This area has consistently capped momentum, establishing an apparent ceiling that bulls have to break. The recent bounce from $1,800 aligned precisely with intersecting horizontal demand and ascending trendline support, as explained by analyst Merlijn The Trader. As the price holds this higher low, the structure remains technically intact, putting Ethereum on a potential breakthrough if it can overcome the $2,878 mid-range resistance mark.

Ethereum's price action appears to mirror its 2018–2021 macrostructure three-phase cycle of correction, recovery, and pullback. The current pattern began with a 2022 low at $880, followed by a 2024 rally to $4,100, and then a pullback to $1,530. This mirrors the $85–$240–$4,900 sequence from the prior cycle. According to market analyst Caesar, Ethereum’s structural rhythm is creating conditions for a strong upward phase. If the price reclaims $2,878 and holds above $3,200, Ethereum could revisit $4,400 and approach five-digit valuations. However, the path remains dependent on confirmation through price action and monthly closes.

Ethereum's longevity is especially impressive given the rising geopolitical tensions. While traditional markets usually react negatively, Ethereum has retained its strength and continues to show demand at critical levels. With each test of support, conviction grows. Ethereum is writing a familiar story, one phase at a time, building support off trendlines and becoming stronger above $2,400. The cryptocurrency is at a bullish crossroads, with the potential for a significant breakout above the $4,400 roof if it can overcome the current resistance levels.