Ethereum Price Prediction: ETH Is Recovering, But the Next Move Depends on This Level

Ethereum dropped hard from $4,800 all the way down to $1,765, wiping out almost everyone on the way down. That bottom looks done for now. Since then, the ETH price has been slowly climbing inside a rising channel. 

But Crypto Patel is watching one level closely. He says one level will decide Ethereum’s next big move. Everything else is just noise until that level breaks.

ETH is recovering, but hasn’t proven itself yet

We had a look at the ETH daily chart from Patel, and the structure is clear. The ETH price is trading at $2,357.67, down 0.05% on the session. The chart shows a bearish order block up near $3,800 to $4,000, which is where sellers trapped buyers on the way down. 

Below that, a fair value gap sits between $2,474 and $2,634. That is the first big target. Patel notes that this gap is unfilled, and the ETH price wants to go fill it. That is the immediate upside.

One Level Will Decide #ETHEREUM Next Big Move: Watch This Closely$ETH dropped hard from $4,800 all the way to $1,765, wiping out almost everyone on the way down. That bottom looks done for now.

Since then, price has been slowly climbing inside a rising channel. Recently we saw… pic.twitter.com/zz3C4ecxVf

— Crypto Patel (@CryptoPatel) April 16, 2026

Recently, the ETH price saw a fakeout near $2,385. Price broke above the rising channel, trapped buyers who thought the breakout was real, and then came right back inside. Classic move. Patel points this out as a warning. The market is still shaking people out. The support on the daily chart sits at $1,800, with the bottom at $1,765. If that level breaks, it could be troublesome.

The price levels that matter

Above the unfilled gap at $2,474 to $2,634, the real resistance sits at $2,900 to $3,050. Patel is very specific about the level that changes everything. If the ETH price breaks and closes above $3,056 on the daily, that flips the entire structure to bullish. That is the line in the sand. Below that, the ETH price is still recovering but has not proven itself yet. Patel says to be patient and let price show you the move.

The chart also shows a break of structure marked on the upside. Once the ETH price clears $3,056, the path opens toward the bearish order block near $3,800 to $4,000. That would be a full trend reversal. Until then, the ETH price is just bouncing inside a rising channel, and fakeouts like the one near $2,385 will keep happening.

Where the ETH price goes from here

Patel’s view is balanced. The ETH price is recovering but has not proven itself yet. The unfilled gap at $2,474 to $2,634 is the first target. That is a 5% to 12% move from current levels. Above that, $2,900 to $3,050 is the real test. 

A daily close above $3,056 confirms real strength. On the downside, $1,800 is the support to hold. A break below $1,765 would invalidate the recovery and likely send the ETH price looking for new lows.

The ETH price went through a brutal drop from $4,800 to $1,765. It looks like the bottom is in. But Patel is not calling a victory yet. One level will decide Ethereum’s next big move. That level is $3,056. 

Until the ETH price closes above it, patience is the only strategy. CoinCodex’s 1-month ETH price prediction places the price at $2,462, well below the current $2,357 level. That forecast sees a slight drop toward the lower end of the rising channel.

Source:: Ethereum Price Prediction: ETH Is Recovering, But the Next Move Depends on This Level