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Ethereum is testing major resistance near $2,375 after reaching the top of its short-term descending channel. A clean breakout could shift attention to higher targets at $2,550 and $2,646, while rejection may pull ETH back toward lower support zones.
According to a 4-hour chart shared by Ali Charts, Ethereum has reached the upper boundary of a descending channel. The chart identifies $2,375 as the main resistance area, with nearby levels at $2,367 and $2,330 forming a short-term decision zone.
This resistance level is significant because Ethereum has previously been rejected from the same channel top. Each failed attempt pushed ETH back toward lower channel levels, indicating sellers have defended the area more than once.
If Ethereum does not clear $2,375, the chart suggests a potential retracement toward the lower boundary of the channel. Ali Charts marked the lower area near $2,210, with intermediate levels around $2,290 and $2,250.
Ali Charts noted that a daily close above $2,375 would change the short-term setup. The move could trigger a 7% bullish breakout, with the next structural target near $2,550.
For now, Ethereum remains in a key resistance zone, and the next signal depends on whether ETH confirms a close above the channel top or faces another rejection from the same pattern.
On the 1-hour ETHUSD chart shared by More Crypto Online, Ethereum is testing a short-term resistance area near a descending resistance line. The wave count suggests room for a move higher, with the upper target area marked near $2,646 as the 100% extension target.
The chart also outlines multiple retracement zones below the market. The first support area is around $2,325, followed by $2,304, $2,284, and $2,256—levels that could become relevant if Ethereum fails to break higher and starts another pullback.
If the decline extends further, attention shifts to a broader support box with levels near $2,240, $2,178, $2,119, and $2,037, which are presented as wider downside retracement areas.
Overall, Ethereum remains in a decision zone: a clean break above the descending resistance line would support the bullish wave structure, while failure at this level could send ETH back into the marked support zones before another attempt higher.
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