Ethereum is trading near a key decision zone as analysts track two different short-term paths. $ETH The $2,300 area should hold or break higher to avoid a deeper move to lower support.
$ETH Chart shows final push settings before pullback
$ETH It is trading near $2,312 on the 4-hour chart, with analysts tracking an expanding diagonal structure. If the price makes yet another push off recent highs, the setup still remains open to the bulls.
ETHUSD 4H extended diagonal setup. sauce: penguin
The chart shows a potential move from $2,520 to $2,600. but, $ETH To verify its path, it must move beyond the crest of the previous wave.
The key revocation level is around $2,177. A full break below that level would weaken the bullish trend and increase the likelihood of a deeper correction.
The rebound zone appears to be around $2,160 to $2,200, with lower Fibonacci levels marked around $2,040, $2,020, and $1,920.
whole, $ETH We still have a bullish structure, but we need a final breakout on the chart to confirm it.
$ETH Price risk falls towards $2,200 support
$ETH It is trading near $2,308 on the 2-day chart, but the price is struggling to break above the $2,300 area. The chart shows this zone as a short-term decision point.
ETHUSDT 2D support and resistance setup. sauce: ted pillows
if $ETH If we lose this level, the next support will be around $2,150 to $2,200. A move within this range will be consistent with the analyst’s correction settings.
but, $ETH There is still resistance near $2,400. A clean break above that area could reopen the path to $2,620 and then $2,750 to $2,800.
A deeper downside level lies near $1,790 and another major support near $1,694. For now, the chart shows pressure near resistance, but pullback risks remain active due to weakening spot demand.
