ETH struggles at $2,400 and $2,679; key support $2,250 eyed
Ethereum (ETH) is trading in a mixed, but still fragile structure, with traders watching two major resistance zones at $2,400 and $2,679. On the 2-day chart, ETH failed to reclaim $2,400 and slid back, keeping the near-term setup weak. The next key support is $2,250; if ETH defends it, a rebound toward $2,400 remains possible.
Up-side targets mentioned in the coverage include $2,624 and $2,780, but a breakdown below $2,250 increases the risk of a deeper drop, with $1,800 cited as a lower area to watch. The latest view also notes ETH is weaker than Bitcoin (BTC) and lacks a confirmed trend reversal, so rallies may look more like bounces inside a broader weak pattern.
On the 4-day chart, ETH is approaching a descending trendline and the $2,679 Elliott Wave “wave C” 100% extension target. That level sits within a resistance band (starting around $2,605), where sellers may reappear. Traders will likely treat $2,679 as a “reclaim-and-hold” test; failure would lean toward a resistance rejection rather than a clean breakout. Higher levels cited after a successful break include $2,893 and $3,031, but the immediate trigger remains whether ETH can hold above nearby resistance.
Bearish
The articles converge on a near-term bearish bias for ETH. ETH failed to reclaim the $2,400 resistance on the 2-day chart, and the structure is described as weak rather than showing a confirmed reversal. The latest update adds that $2,679—framed by Elliott Wave as a key 100% extension target—sits inside a broader resistance band (around $2,605+), increasing the odds of rejection and a “test resistance” outcome rather than a clean breakout. While $2,250 is the near-term line in the sand, a break below it would invalidate the recovery structure and raise the risk of a deeper move toward $1,800. With ETH also noted to be weaker than BTC, upside attempts may remain capped unless broader market momentum improves.