Overview (06.11.2026) #ETH
$ETH is trading at 2,237.20, having returned inside the descending channel from early October. This happened after the breakout attempt above the trendline on November 4 was completely invalidated and reversed.
The price is currently below the upper boundary near 2,265 and is now retesting this zone from below.
A close (reclaim) above the upper trendline in the 2,265–2,295 range would validate the breakout and open the way to the 2,415–2,445 levels.
A rejection on the retest would keep ETH inside the channel and direct the price toward the 2,222–2,182 levels.
$ETH is trading at 2,237.20, having returned inside the descending channel from early October. This happened after the breakout attempt above the trendline on November 4 was completely invalidated and reversed.
The price is currently below the upper boundary near 2,265 and is now retesting this zone from below.
A close (reclaim) above the upper trendline in the 2,265–2,295 range would validate the breakout and open the way to the 2,415–2,445 levels.
A rejection on the retest would keep ETH inside the channel and direct the price toward the 2,222–2,182 levels.