Ether Tests $2,360 Support as Lower Highs Keep Recovery Structure Fragile

Ether (ETH) is testing a key support area between $2,360 and $2,440, where repeated rebounds have yet to turn a pattern of lower highs, leaving the broader recovery structure vulnerable to a daily close below the range. The daily chart places the range near the lower edge of a broader ascending channel. That channel frames the larger price structure, while a descending channel on the four-hour chart captures the more recent sequence of trading. The two patterns describe different time frames: the shorter-term decline sits within the wider ascending structure. Several reactions from the $2,360–$2,440 band show buying interest in that area, but the rebounds have not produced a sustained recovery. Each lower high marks a rally that stalls below the previous peak.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.