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.
