$ETH Ethereum Rebounds from Key Support – Upside Target Hit!

Ethereum tested the lower boundary of the ascending channel, dipping as low as $2,385, just above the critical support zone at $2,450–$2,420. However, sellers failed to push price below the structure, and buyers stepped in aggressively.

🔸 Key Support Zone at $2,450 – $2,420:
This area acted as a strong demand zone. Despite heavy sell volume, ETH held above it and triggered a bullish reversal.

🔸 Breakdown Rejected – Bullish Momentum Returned:
The rejection of the breakdown and strong bounce confirmed continued respect for the channel structure. Price surged above the midline and reached the $2,800+ area, tagging the upper boundary of the ascending channel.

🔸 Upside Target Achieved: $2,700 – $2,800
As predicted, once ETH held the support zone, price rallied to meet the upper resistance band.

🔸 Outlook Ahead:
Ethereum remains within the ascending channel. If bulls maintain momentum and break above $2,800, the next leg higher could target $2,950 – $3,000. However, failure to hold above $2,700 may invite a retest of the midline or even support again.