#Ethereum is currently testing a strong support zone within an ascending channel, bouncing from a key horizontal level. The price action suggests a potential double-bottom formation, which could indicate a trend reversal in the coming weeks.
The support area around $2,000 - $2,200 has held strong, preventing further downside. If this level remains intact, ETH could rally toward the midline of the channel.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum ($ETH/USDT) Technical Analysis
#Ethereum is currently testing a strong support zone within an ascending channel, bouncing from a key horizontal level. The price action suggests a potential double-bottom formation, which could indicate a trend reversal in the coming weeks.
The support area around $2,000 - $2,200 has held strong, preventing further downside.
If this level remains intact, ETH could rally toward the midline of the channel.
🎯 Potential Targets:
Target 1 (T1): $3,800
Target 2 (T2): $4,600
Target 3 (T3): $5,800
@crypto_