Ethereum Climbs In Key Channel After Triple Consolidation Setup
The post Ethereum Climbs In Key Channel After Triple Consolidation Setup appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is gaining traction as it climbs within a well-structured ascending channel, following three distinct consolidation phases. These pauses in momentum have served as healthy resets, allowing bulls to regain strength and build a solid base. With price action now trending upward in a controlled manner, ETH appears poised for a sustained rally, provided it maintains support along the channel’s lower boundary and breaks above near-term resistance. Key Channel Unfolds As Ethereum Maintains Its Trajectory HolderStat’s post on X reveals a compelling setup on the Ethereum chart, where the price action is inching closer to a significant resistance zone around $3,100, a level typically associated with profit-taking and potential reversal pressure. This area has been marked as a sell zone, and its alignment with the upper boundary of a technical resistance band makes it a critical battleground for bulls and bears alike. However, the broader structure of the chart leans bullish. Ethereum is printing successive higher lows, a signal of upward momentum and strong buying interest on dips. The presence of breakout arrows is a visual cue used in HolderStat’s analyses to highlight key inflection points and further strengthen the narrative of an upcoming test of this ceiling. ETH next trajectory is bullish | Source: HolderStat on X On the 2-hour chart, Ethereum’s price action is currently coiling within a well-defined ascending triangle pattern, a formation that signals a bullish continuation. According to Logan Issac Borowu, ETH is holding firmly above the lower boundary, suggesting that buyers are actively defending the trendline and maintaining pressure on the resistance overhead. The key level in focus now is $2,720, which marks the horizontal ceiling of the triangle. This level has rejected multiple breakout attempts, acting as a lid…
The post Ethereum Climbs In Key Channel After Triple Consolidation Setup appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is gaining traction as it climbs within a well-structured ascending channel, following three distinct consolidation phases. These pauses in momentum have served as healthy resets, allowing bulls to regain strength and build a solid base. With price action now trending upward in a controlled manner, ETH appears poised for a sustained rally, provided it maintains support along the channel’s lower boundary and breaks above near-term resistance. Key Channel Unfolds As Ethereum Maintains Its Trajectory HolderStat’s post on X reveals a compelling setup on the Ethereum chart, where the price action is inching closer to a significant resistance zone around $3,100, a level typically associated with profit-taking and potential reversal pressure. This area has been marked as a sell zone, and its alignment with the upper boundary of a technical resistance band makes it a critical battleground for bulls and bears alike. However, the broader structure of the chart leans bullish. Ethereum is printing successive higher lows, a signal of upward momentum and strong buying interest on dips. The presence of breakout arrows is a visual cue used in HolderStat’s analyses to highlight key inflection points and further strengthen the narrative of an upcoming test of this ceiling. ETH next trajectory is bullish | Source: HolderStat on X On the 2-hour chart, Ethereum’s price action is currently coiling within a well-defined ascending triangle pattern, a formation that signals a bullish continuation. According to Logan Issac Borowu, ETH is holding firmly above the lower boundary, suggesting that buyers are actively defending the trendline and maintaining pressure on the resistance overhead. The key level in focus now is $2,720, which marks the horizontal ceiling of the triangle. This level has rejected multiple breakout attempts, acting as a lid…
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