Ethereum tests $2,360–$2,440 support as downtrend channel persists
- —The $2,360–$2,440 demand zone aligns with the lower boundary of an ascending channel
- —Resistance at $2,450–$2,470 on the 4-hour chart is the first hurdle for a rebound
- —A daily close below $2,360 opens the way to $2,200–$2,270
- —Potential liquidation exposure is concentrated at $2,150–$2,200
Why it matters: Holding $2,360 keeps ETH's recovery structure intact; a breakdown could trigger a cascade of long liquidations.
Source: TokenPost