Ethereum is testing key support areas It is rising on both the USD and Bitcoin charts, with traders looking to see if buyers can defend the current range. $ETH Although located near the bottom of the descending 4-hour channel, $ETH/$BTC This ratio remains close to key weekly Fibonacci levels.
Ethereum price faces significant test $ETH Return to channel support
Ethereum has returned to the lower end of the descending 4-hour channel, with attention focused on the $2,180 to $2,230 area as traders focus on a possible rebound.
Charts shared by Ali Charts from X Show $ETH It traded around $2,191 after falling sharply within the channel. The price is currently located near the lower trendline that served as support during the previous pullback.
Ethereum 4-hour price channel chart. sauce: X ant chart
$ETH According to the chart, it has been trading within a descending channel since late April. This structure shows lower highs and lower lows, meaning sellers are in control of the broader 4-hour trend.
The latest move pushed Ethereum towards the channel bottom near $2,180. This area currently serves as the closest support zone. If the buyer defends it, $ETH It could move towards the mid-range of $2,280.
Ali Chart said he is watching for a surge in buying pressure at the bottom of the channel. He said a response could be sent $ETH Toward $2,280 or even the top of the channel near $2,390.
The $2,330 level also serves as a key resistance zone before the upper limit. $ETH Previous struggles near this region may limit any near-term recovery.
For now, Ethereum remains within a descending channel. Support appears to be near $2,180, and resistance levels are seen near $2,280, $2,330, and $2,390. A break below the lower trendline will weaken the setup and shift focus to a deeper downside move.
Ethereum Bitcoin ratio maintains key Fib level $ETH Great performance setup build
Meanwhile, the Ethereum to Bitcoin ratio remains close to the key weekly support area, preserving potential. $ETH We focus on great performance setups.
of $ETH/$BTC The weekly chart shared by Sky on X shows the pair trading around 0.02817 $BTC After a pullback from August highs. This ratio remains close to the 0.5 Fibonacci level at 0.02781, while the price also remains within the Gaussian channel.
Ethereum Bitcoin weekly chart. sauce: Sky on X
$ETH/$BTC There was a sharp rebound from the 2025 low around 0.01777 to the local high around 0.03929. Since then, the pair has moved back to the middle of the Fibonacci range.
The 0.5 Fib level acts as a major support area. A hold above this zone would keep the broader recovery structure active and give Ethereum room to regain strength against Bitcoin.
Also shown on the chart $ETH/$BTC It is trading near the bottom of the Gaussian channel. Skye said $ETH is still holding both the channel and the 0.5Fib level, which could support a future rally.
If the buyer sticks to the current range, $ETH/$BTC It is likely to initially target the 0.618 Fib level around 0.03091. After that, a stronger move could bring the 0.786 level around 0.03593 and the 0.886 level around 0.03929 back into focus.
This chart also shows a higher target zone between 0.06303 and 0.07566. This area is near the 1.414 and 1.618 Fibonacci extensions and shows where they are located. $ETH/$BTC A move is possible if the pair breaks above the previous high and the recovery is extended.
Currently, the setup relies on the 0.02781 support region. If the weekly close is below that level, the bullish structure will weaken. A rebound from the same zone is $ETH The outperformance debate is alive and well.
