Ethereum is testing major resistance near $2,375 after reaching the top of its short term channel. A clean breakout could shift attention toward $2,550 and $2,646, while rejection may send $ETH back to lower support zones.
Ethereum Tests Major Channel Resistance Near $2,375
Ethereum has reached the upper boundary of its 4 hour descending channel, according to the chart shared by Ali Charts. The chart marks $2,375 as the main resistance area, while nearby levels at $2,367 and $2,330 show the short term decision zone.
Ethereum Channel Resistance Chart. Source: Ali Charts on X
This resistance matters because Ethereum faced rejection from the same channel top in previous moves. Each failed attempt pushed $ETH back toward lower channel levels, showing that sellers have defended this area more than once.
If Ethereum fails to clear $2,375, the chart points to a possible retracement toward the lower boundary of the channel. Ali Charts marked that lower area near $2,210, with intermediate levels around $2,290 and $2,250.
However, a daily close above $2,375 would change the short term setup. Ali Charts said that move could trigger a 7% bullish breakout, with the next structural target near $2,550.
For now, Ethereum remains at a key resistance zone. The next signal depends on whether $ETH confirms a close above the channel top or faces another rejection from the same pattern.
Ethereum Holds Near Breakout Zone as Wave Count Points to $2,646 Target
Ethereum is testing a key short term resistance area on the 1 hour ETHUSD chart shared by More Crypto Online. The chart shows $ETH pressing near a descending resistance line, while the wave count leaves room for a possible move toward the upper target area.
The main resistance sits near the current breakout zone, where $ETH has already paused after its recent recovery. If buyers push price above this descending line, the chart points to higher levels near $2,646, marked as the 100% extension target.
However, the chart also shows several retracement zones below the market. The first support area sits around $2,325, followed by $2,304, $2,284, and $2,256. These levels could matter if Ethereum fails to break higher and starts another pullback.
A deeper decline would shift attention toward the larger support box below. That zone includes levels near $2,240, $2,178, $2,119, and $2,037, which appear as broader downside retracement areas.
For now, Ethereum remains in a decision zone. A clean break above the descending resistance line would support the bullish wave structure. However, failure at this level could send $ETH back into the marked support zones before another upside attempt.
