The
Historically, ETH has respected this lower channel trendline, bouncing off it on multiple occasions. The current price action suggests that the pattern remains intact, reinforcing the possibility of another upward move from this region.
If the price holds and momentum builds, projecting the width of the current consolidation channel gives an estimated upside target near the $6,300 level. This aligns with the channel’s upper boundary and represents a potential long-term target should the bullish scenario unfold.
👨🏻💻💭 What’s your plan? Will ETH hold $2,200 and climb toward $6,300, or is more consolidation ahead? Share your thoughts and let’s discuss potential strategies!
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