$ETH is approaching a crucial turning point!
A months-long uptrend line is being tested once again.
$2,324 is a key line of defense for the bulls.
The previous two tests were followed by clear rebounds!
If it holds again this time, $3,000 could still be within reach!
The latest ETH technical chart shows that Ethereum began rebounding from a low near $1,500, then found trendline support again near $1,857. Now, the price has pulled back to around $2,324, marking the third test of this months-long ascending trendline. ETH is currently trading near $2,434 and has not yet decisively broken below trend support, which means the bulls still have a chance to regroup and fight back in this area.
What really matters is that ETH rallied noticeably after each of the previous two tests of the trendline. Whether it can repeat that pattern this time will directly affect what happens next. If buyers continue to step in around $2,324, ETH could first reclaim $2,500 and then challenge the $2,700–$2,800 resistance zone. A break above the previous high could put $3,000–$3,100 in sight as the next target. But if the trendline breaks decisively, the existing uptrend structure will be damaged, and the market may need to find support elsewhere.
After testing the same ascending trendline three times, ETH has reached a level worth watching closely.
If the bulls defend $2,324 again, this pullback could mark the beginning of the next breakout higher!
Tap the card below and get started! 👇
$BTC $ZEC
A months-long uptrend line is being tested once again.
$2,324 is a key line of defense for the bulls.
The previous two tests were followed by clear rebounds!
If it holds again this time, $3,000 could still be within reach!
The latest ETH technical chart shows that Ethereum began rebounding from a low near $1,500, then found trendline support again near $1,857. Now, the price has pulled back to around $2,324, marking the third test of this months-long ascending trendline. ETH is currently trading near $2,434 and has not yet decisively broken below trend support, which means the bulls still have a chance to regroup and fight back in this area.
What really matters is that ETH rallied noticeably after each of the previous two tests of the trendline. Whether it can repeat that pattern this time will directly affect what happens next. If buyers continue to step in around $2,324, ETH could first reclaim $2,500 and then challenge the $2,700–$2,800 resistance zone. A break above the previous high could put $3,000–$3,100 in sight as the next target. But if the trendline breaks decisively, the existing uptrend structure will be damaged, and the market may need to find support elsewhere.
After testing the same ascending trendline three times, ETH has reached a level worth watching closely.
If the bulls defend $2,324 again, this pullback could mark the beginning of the next breakout higher!
Tap the card below and get started! 👇
$BTC $ZEC