Ethereum rebounded from a predicted $1,800 bottom and climbed 28% after holding key support. The move followed a technical setup shared by analyst CryptoPatel on X. The analyst outlined a relief bounce scenario toward $2,650 on February 16. Price later respected the $1,800–$1,900 accumulation zone and advanced as projected.
The rally gained traction after Ethereum broke a bearish flag resistance at $2,150. It also reclaimed the $2,300 level, reinforcing upward momentum.
CryptoPatel stated that Ethereum’s bottom formed near $1,800. The call aligned with a previously identified accumulation range between $1,800 and $1,900. Soon after, ETH price reacted strongly from that zone. The move delivered a 28% gain from the entry region mentioned in the analysis.
At the same time, the analyst noted that the bearish flag resistance near $2,150 failed to hold. That break signaled a shift in short-term structure. As a result, Ethereum moved above $2,300. This level acted as a key reclaim point in the broader recovery phase.
The analyst identified a strong fair value gap between $2,474 and $2,734. This zone now stands as the next key area for price interaction. According to the analysis, Ethereum may revisit this range before making any decisive move. The setup suggests that price could seek liquidity within this zone.
In addition, the analyst pointed to $2,634 within the fair value gap as a critical level. A breakout above that mark could open the path toward $3,000.
Meanwhile, market structure remains dependent on how Ethereum price reacts within this range. The fair value gap serves as a near-term decision area.
CryptoPatel stated that a move above $2,634 could lead Ethereum toward $3,000. That level would then determine whether the price can push toward a new all-time high. At the same time, the analyst framed the approach as strictly based on price action. The strategy avoided speculation and relied on technical signals.
Earlier, the analyst described two failed structures. Ethereum first lost a bull flag and broke down from $3,700. It then failed to sustain an ascending triangle.
Those breakdowns preceded the move toward $1,800. The recent rebound now places focus on whether buyers can sustain momentum above ETH resistance levels. The analyst posed a key question to market participants: Are traders still accumulating or waiting for confirmation above $3,000?
Also Read: Ethereum News: ETH Holds Key Support as Descending Resistance Defines Next Move
Ethereum price rebounded from the $1,800-$1,900 accumulation zone and rose 28% after breaking key resistance near $2,150 and reclaiming $2,300. The next major area to watch is the fair value gap between $2,474 and $2,734, while a move above $2,634 could open the way to $3,000.