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Following
ETH Key message
Ethereum held on to the US$1850 support level, kept the rising channel intact, and maintained expectations for a potential rise towards the US$2060 resistance level.
Ali Martinez pointed out that prices have rebounded from channel support several times, while emphasizing that $1980 is the next technical hurdle before a higher target appears.
Maintaining support keeps Ethereum's bullish structure intact, while a break below $1850 will invalidate the pattern and weaken momentum.
Ethereum is defending a key support area that could determine its next price move. Technical analyst Ali Martinez said if buyers stay in control,$2060 will be the next upside target.
According to a post by Martinez on X, Ethereum rebounded after testing the lower bound of the rising channel, keeping the short-term bullish structure intact while the $1850 support level was not broken below.
The one-hour chart shared by Martinez shows that Ethereum is trading on a rising parallel channel that has constrained price movements multiple times. In the latest correction, buyers returned near channel support, pushing prices back above $1880, maintaining the current trend.
This rebound puts Ethereum on track to move towards the upper boundary of the channel (about US$2060), but before doing so, it must break through resistance near US$1980 before it can attempt further gains.
Repeated rebound strengthens Ethereum technology prospects
The chart shows a series of higher highs and higher lows, reflecting that the uptrend remains intact despite multiple temporary corrections. Each correction finds support in the channel, allowing buyers to regain momentum before prices return to higher levels.
In addition, the latest rally occurred almost exactly at the lower trend line, reinforcing its importance as the main support for the market. Martinez pointed out that holding above $1850 makes the rising channel effective and retains the possibility of another rise.
In addition, the chart identifies around $1980 as the next technical obstacle. Previous gains have slowed near the region, making it an important level before Ethereum challenges the upper boundary of the channel.
Ethereum rebounds after testing the lower boundary of the channel. As long as the $1850 support continues to hold, I will watch the price move towards the upper boundary near $2060.
As a result, traders are watching whether buying pressure is strong enough to push Ethereum beyond intermediate resistance. Successfully breaking this level will strengthen existing structures and increase the likelihood of reaching $2060.
At the same time, repeated defenses on the downtrend line suggest that buyers remain active whenever Ethereum approaches support. This model helps maintain channels during recent trading hours.
Support remains the determining factor
Although the technical structure is favorable to buyers, the outlook depends on whether Ethereum can hold the US$1850 support level. This position is both the lower boundary of the rising channel and the latest higher low point in the current trend.
Continuing to break below this support level will invalidate the channel, weaken the short-term bullish structure, and expose Ethereum to additional selling pressure, while reducing the possibility of testing higher resistance levels.
Price movements remain above key support areas, and the rising channel remains intact. Traders are watching closely whether Ethereum can gather enough momentum to regain $1980 before rising further.
Conclusion
Ethereum is still on a clear upward channel, with US$1850 being the most important support level in the current structure. Holding this area maintains a bullish pattern and retains a path towards the upper boundary of the channel (approximately $2060). However, losing this support would invalidate the pattern and turn attention to a broader pullback.
