Ethereum dey test main resistance for $2.3K–$2.4K after relief rally
Ethereum (ETH) don bounce back from February low dem and e do one relief rally wey push price pass $2,300, but e still dey trade under di 100- and 200-day moving averages. Short-term structure dey show one ascending channel for di 4-hour chart with higher lows and repeated resistance tests near $2,143–$2,150; RSI dey for overbought area. ETH now dey inside one key supply zone for $2,300–$2,400 — if e make clean breakout and flip dat zone to support e fit open road go $2,800, but if e fail e likely go pull back to $2,000–$2,100 or risk get invalidation under critical $1,800 support. On-chain metrics dey constructive: 30-day transaction-count EMA still high compared to most of di previous cycle, showing steady network activity and participation wey dey support di move. Funding rates dey show mild positive sentiment — longs dey but dem no overcrowded — wey reduce immediate squeeze risk and favor better advance if price confirm breakout. Key levels for traders: immediate breakout trigger $2,143–$2,150; supply/resistance band $2,300–$2,400; next upside target $2,800; invalidation/support $1,800 and short-term pullback zone $2,000–$2,100.
Bullish
Di kasa kasa ripot dem show say ETH get small-small bullish outlook. Short-term technicals dey show higher lows for the 4-hour chart and dem dey test resistance around $2,143–$2,150 many times; if dem confirm breakout through the $2,300–$2,400 supply zone e fit trigger momentum go $2,800. On-chain data (30-day transaction-count EMA wey high) and soft positive funding rates dey support continued participation without heavy leverage, so immediate squeeze risk dey low. But the wider trend still dey controlled by the 100- and 200-day moving averages, so any strength must get confirmation — if e no fit hold $1,800 or na fakeout go back into the channel, the bullish case go collapse. For traders, the write-up mean say short- to medium-term upside fit be good if breakout confirm, but e also point clear invalidation and pullback levels wey dey make stops and position sizing discipline necessary.