ETHUSD is currently retesting a key support area within a developing ascending channel after rejecting from higher prices. The broader structure remains constructive as price continues to defend higher lows while respecting the bullish channel formation.
The highlighted blue zone represents a significant reaction area where buyers have repeatedly stepped in. As long as this region remains intact, the current setup favors a potential continuation toward the next resistance zones marked on the chart.
📍 Entry Zone: 2680 – 2688
🎯 Target 1: 2708 – 2712
🎯 Target 2: 2734 – 2738
🎯 Target 3: 2765 – 2770
📈 Technical Factors
Ascending channel structure
Higher-low formation
Support retest holding
Bullish continuation potential
Note: This idea is shared for educational purposes only and is based solely on price-action observations. Market conditions can change at any time.