The
ETHUSDT ETHUSD chart on the 1W timeframe shows Ethereum testing a critical support level at $1,900, which aligns with the lower boundary of its ascending channel. This level has historically acted as a strong demand zone, making it a key area to watch for a potential bounce.If ETH holds above $1,900, we could see a move toward the first resistance at $2,900, where price has previously faced rejection. A breakout above this zone would confirm further bullish momentum, with the next target at $4,000, aligning with the upper range of the channel.
However, if $1,900 fails to hold, Ethereum could continue forming lower lows, invalidating the bullish scenario. The next steps depend on confirmation signals from this key support level.
👨🏻💻💭 Will ETH bounce from $1,900 and push toward $4,000, or are lower prices ahead? Let’s discuss the potential next move!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.