- Ethereum trades inside a rising channel, reflecting corrective price behavior rather than renewed upside strength.
- A confirmed breakdown from the channel projects a measured move toward the $2,400 demand zone.
- Post-liquidation consolidation shows reduced volume and unresolved short-term directional conviction.
Ethereum remains under short-term pressure after a sharp intraday repricing, as price stabilizes at lower levels while traders evaluate a corrective structure and nearby technical boundaries shaping direction.
Corrective Channel Frames Market Structure
Ethereum shifted into a rising channel following a decisive impulsive decline earlier in the session. The structure reflects controlled retracement rather than accumulation-driven recovery, with price respecting clearly defined channel boundaries.
Ali (@alicharts) described the formation as a potential flag, noting clean symmetry and proportional movement. Each advance stalled near resistance, while pullbacks remained shallow and overlapping, reinforcing corrective characteristics.
Downside Projection Anchors $2,400 Target
Ethereum traders continue monitoring the lower boundary of the rising channel for confirmation. A clean breakdown below support would validate the flag structure and favor continuation aligned with the dominant trend.
Measured move projections derived from the initial sell-off point toward the $2,400 region. This area aligns with prior demand and psychological relevance, increasing its importance if bearish momentum resumes.
Liquidation Reset Shapes Short-Term Balance
Eth climbed down swiftly in the session during the month at the range of $3,250-$3,050. The speed of the move suggests liquidity targeting and forced unwinding of leveraged positions rather than orderly distribution.
Following the downward, Ethereum gathered between $3,050 and $3,100 with less involvement. The volume declined by over 11% and the resistance is at present between $3,150 and $3,200.
