Ethereum (ETH/USD) – Bouncing From Support Targeting $2,900?

Ethereum just tapped a major support level within its ascending channel and is now showing a textbook rebound. If momentum holds, bulls could aim for the upper channel boundary near $2,900

🔍 Technical Breakdown:
Ascending Channel: ETH has respected this channel for weeks. The recent bounce occurred right at the lower trendline, which has consistently acted as dynamic support.
Liquidity Grab: Price dipped into a key liquidity pocket near $2,389, shaking out weaker hands before rebounding sharply Support Holding: The $2,441–$2,500 zone remains a crucial level. As long as this holds, bullish continuation is in play.

Resistance: Levels
$2,682 – Point of interest (POI)
$2,764 – Mid-level resistance
$2,900 – Target area (channel top)

Support: Levels
$2,441 – Structural support
$2,389 – Liquidity zone (swept and held)

🔼 Outlook:
A strong bounce from support combined with bullish market structure sets ETH up for potential upside. A move above $2,682 could open the door to $2,764 and eventually $2,900, if the broader trend continues to hold.

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