Ethereum Price Analysis: Can ETH Finally Break the $2,400 Resistance?

Ethereum rebounded toward $2,370 after finding demand near $2,300, though it remained below the lower boundary of a broken ascending channel. On the daily chart, the correction had reached a $2,220–$2,310 demand zone before consecutive recovery candles appeared, while the market structure stayed bearish after September’s peak. The $2,470–$2,520 supply zone overlaps the former channel boundary and remains an important obstacle to a sustained recovery. On the four-hour chart, higher lows carried ETH toward $2,370, with immediate resistance at $2,390–$2,420 and the descending channel’s upper boundary near $2,460–$2,480.