Ethereum Testing Key Support: Next Targets $2,900 and $4,000

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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