🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Ethereum Climbs In Key Channel After Triple Consolidation Setup | Bitcoinist.com
With price action now trending upward in a controlled manner, ETH appears poised for a sustained rally, provided it maintains support along the channel’s lower boundary and breaks above near-term resistance.
Key Channel Unfolds As Ethereum Maintains Its Trajectory
HolderStat’s post on X reveals a compelling setup on the Ethereum chart, where the price action is inching closer to a significant resistance zone around $3,100, a level typically associated with profit-taking and potential reversal pressure. This area has been marked as a sell zone, and its alignment with the upper boundary of a technical resistance band makes it a critical battleground for bulls and bears alike.
Related Reading: Ethereum Poised For Major Liftoff: ETH Entrance Into This Key Zone To Trigger $18,000 RallyHowever, the broader structure of the chart leans bullish. Ethereum is printing successive higher lows, a signal of upward momentum and strong buying interest on dips. The presence of breakout arrows is a visual cue used in HolderStat’s analyses to highlight key inflection points and further strengthen the narrative of an upcoming test of this ceiling.
The key level in focus now is $2,720, which marks the horizontal ceiling of the triangle. This level has rejected multiple breakout attempts, acting as a lid on Ethereum’s short-term upside. As the price continues to form higher lows against this resistance, bullish momentum is building.
A move above $2,720 could confirm the breakout and open the door for a move toward higher levels. The next technical target, based on the height of the triangle, is the $3,200 level, which aligns with the previous supply zone and resistance.
RSI Dips Toward Oversold—Bounce Incoming Or Bear Trap?
Ethereum’s upward path is not without barriers. Gemxbt has revealed a critical pattern forming on Ethereum’s 1-hour chart, particularly a Descending Triangle formation. ETH is currently compressing between horizontal support near $2,550 and descending resistance around $2,700, creating a tightening range.
Related Reading: Ethereum’s Path To $10,000 Milestone Hinges On Flipping This Level Into SupportDespite the possibility of a bounce as the RSI (Relative Strength Index) approaches oversold territory, the short-term momentum remains tilted to the downside. Ethereum is also trading below key moving averages, reinforcing the underlying weakness in trend structure
Unless bulls reclaim the resistance level with conviction, the triangle pattern suggests a potential short-term breakdown, which could push ETH down to lower support zones. Conversely, a bounce from oversold levels could see the altcoin retest the $2,700 zone, which may lead to a shift in market sentiment.