Ethereum has remained within the $1,812.50–$1,937.50 sideways range for more than three weeks, suggesting that the current recovery is losing momentum.

A confirmed breakout and consolidation above $2,000 could signal a bullish trend reversal and open the way toward $2,125 and $2,500. The improving Stochastic oscillator and positive MACD provide some support for this scenario.

However, the weekly chart still resembles a bearish flag within the broader downtrend. A breakdown below $1,750 would strengthen selling pressure and could push ETH toward $1,500 and $1,375.

Support: $1,750, $1,500, $1,375
Resistance: $2,000, $2,125, $2,500