Ethereum (ETH) is gaining attraction as it climbs within a well-structured ascent channel as it hangs in a combined stage of three different consolidation phases. These pauses in momentum have become a healthy reset that allows the Bull to Restore strength and build a solid foundation.
With price action now trending upward in a controlled manner, ETH appears to be expected for a sustained rally as long as it maintains support at the lower boundary of the channel and exceeds near-term resistance.
Key channels will be expanded as Ethereum maintains its trajectory
Holderstat postal Revealing fascinating settings on Ethereum charts on X Close to important The resistor zone is about $3,100, which is a level that is usually associated with profitability and potential reversal pressure. The area has been marked as a sell-off zone, and its consistency with the upper boundary of the Tech Resistance Band makes it a key battlefield for Bulls and Bears.
However, the broader structure of the chart is bullish. Ethereum is printing continuous highs and lows, which are signals of upward momentum and a strong buying interest in inclination. exist Breakthrough arrow is a visual prompt In Holderstat’s analysis, it is used to highlight key inflection points and further strengthen the narrative of the upcoming ceiling test.
On the 2-hour chart, Ethereum’s price action is currently coiling in a well-defined upward triangle pattern, and this formation marks a continuation of bullishness. according to To Logan Issac Borowu, ETH holds firmly The lower boundary shows that buyers are actively defending the trend line and maintaining resistance pressure on overhead.
key Focus now For $2,720, marking the horizontal ceiling of the triangle. This level rejects multiple breakthrough attempts, which is the cover for Ethereum’s short-term rise. As prices continue to form higher lows in this resistance, bullish momentum is building.
A move above $2,720 confirms the breakthrough and opens the door to the higher level. Next Technical Objectivedepending on the height of the triangle, is a level of $3,200, consistent with the previous supply zone and resistance.
RSI tends to oversold – temporary or bear trap?
Ethereum is not without obstacles. gemxbt has reveal The critical pattern of Ethereum’s 1-hour chart formation, especially the formation of the landing triangle. ETH is currently compressing between the $2,550 horizontal support volume and $2,700 downward resistance, creating a tightening range.
Even though short-term momentum still tends to decline as the RSI (relative intensity index) approaches the possibility of oversold territory. Ethereum is also below the key moving average, strengthening the potential weakness of the trend structure.
Unless the bull Recover resistance levels with faiththe triangle pattern indicates a potential short-term crash, which may push ETH towards a lower support zone. Conversely, a rebound beyond the level could cause altcoins to retest the $2,700 area, which could lead to changes in market sentiment.
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