Ethereum at Crossroads: Will it Hit $7,000 or Fall Back to $1,000?

Ethereum has recovered from its June low but still faces challenges in its upward trajectory. According to Crypto Patel's chart, Ethereum may reach $7,000 to $10,000 after a confirmed breakout or return to support zones near $1,500 to $1,000 if it fails to break through key resistance levels.

The current price of Ethereum is around $2,967, which has fallen approximately 62% from its record high of $4,953.73 in August 2025 due to economic pressure and weaker market demand.

Ethereum must reclaim the critical zone between $2,400 and $2,500 to confirm a larger reversal, with a simple move into this area not being enough to trigger a broader bullish scenario.