Ethereum (ETH) is showing modest gains near $1,927, but analysts warn the asset is perched at a fragile technical level. With the critical $1,750 support zone under threat and the new Pectra upgrade stirring both excitement and concern, the coming days may prove pivotal for ETH’s short-term trajectory.

$1,750 Breakdown Could Send ETH to $1,500

According to analyst Daan Crypto Trades, Ethereum remains dangerously close to its $1,750 support level. While bulls have kept prices afloat for now, fading buying volume and a consistent pattern of lower highs and lower lows suggest weakening momentum. Daan cautions that another test of support may trigger a breakdown–potentially activating a Bart pattern and dragging ETH toward the $1,500 range.

Despite a 5,00% 24-hour gain and a 6,40% increase on the week, ETH’s structure remains technically fragile as it fails to reclaim higher highs.

Pectra Upgrade Brings Innovation and Security Concerns

Coinciding with this market tension is the rollout of Ethereum’s Pectra upgrade–a major protocol overhaul introducing key features to improve wallet usability and smart contract flexibility. Among the most debated elements is EIP-3074, which enables a single user signature to authorize contract interactions via new AUTH and AUTHCALL opcodes.

Critics argue that malicious contracts could exploit this to drain user balances with minimal interaction. Similar fears surround EIP-7702, which temporarily grants full access to an account–raising concerns over single-transaction exploits involving ETH, tokens, and NFTs.

Long-Term Outlook Remains Optimistic

While near-term risks are mounting, Ethereum’s broader outlook remains positive. Market forecasts still project ETH reaching $3,985.62 by year-end–and potentially retesting its all-time high of $4,891.70–fueled by expanding network utility and institutional adoption.

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