Ethereum
Ethereum Tests $2,350 Support Line as Broader Crypto Market Examines Key Technical Thresholds
Ethereum is testing the lower boundary of an ascending broadening pattern at $2,350, a level that an analyst sees as decisive for near-term momentum.
Ethereum is currently testing technical support around $2,350, according to an assessment posted on X by crypto analyst Ali Charts. The price level functions as the rising base of a right-angled ascending broadening formation on the daily chart, where price fluctuations widen over time alongside ascending support.
The analyst reported that defending $2,350 on a daily close could open a path for a recovery toward $2,700, with potential extension to $3,000 if momentum persists. However, failing to protect this boundary would point toward a deeper retracement toward the $2,000 area.
The setup coincides with broader market tests highlighted in the same analysis, which cited $81,000 as essential support for Bitcoin's daily rising channel and $1.25 for XRP.
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