Ethereum Price Cools Off, But Structure Stays Firmly Supported

Ethereum price reached $2,174 before cooling off and correcting below a rising channel support at $2,140. ETH remains above key support at $2,080 and could attempt another rally if this level holds, with potential targets at $2,350-$2,380.

• →Ethereum peaked at $2,174 before entering a downside correction and breaking below rising channel support at $2,140.
• →The price is currently holding above the critical $2,080 support level and 100-hourly moving average.
• →Key resistance levels are positioned at $2,140, $2,175, and $2,220 for potential upward moves.
• →A break below $2,080 could trigger further declines toward $2,065 and potentially $2,020 support.
• →Technical indicators show bearish momentum with MACD in negative territory and RSI below 50.