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Ethereum sits at a short-term decision point as traders watch channel support on the 3-hour chart and a wider support zone on the 2-week chart. A setup shared by X user Elja shows ETH testing the lower edge of an ascending channel after losing ground near the mid-$2,400 area. At the same time, a separate chart from X user Crypto Patel keeps much larger cycle targets in play if the broader structure holds over the next few years.
Elja’s chart shows Ethereum moving inside a rising channel that has guided the price higher since late March. The pattern includes several rebounds from support and repeated rejections at the upper trendline. As a result, the latest retest of the lower boundary now carries clear short-term importance.
ETH has pulled back toward the lower side of the channel after failing to remain near recent highs around the mid-$2,400 area. If buyers defend the trendline again, the setup points to a rebound toward the upper boundary. In turn, that would preserve the broader short-term structure and keep another recovery attempt alive.
Still, the same chart outlines a bearish alternative. If Ethereum breaks below the lower channel support, the move could open the way toward lower support levels and end the channel’s role as the guide for the uptrend. Since price has respected both sides of the structure several times, the current test carries added weight.
Read More: Ethereum is on the Edge: Will it Explode to $3,000 Next?
Crypto Patel’s 2-week chart shifts the focus away from immediate swings and toward a broader cycle structure. It places Ethereum inside a bullish order block between roughly $1,300 and $1,800 and treats that zone as a possible accumulation range. The chart also keeps ETH above a long-term ascending trendline after a rebound from that area.
Patel’s setup marks the red resistance band near $4,709 as the main ceiling. The chart shows three separate cycle tops around that level, which means Ethereum still needs a decisive break above it. Until that happens, the higher-time-frame bullish case remains capped by a resistance area that has rejected the price more than once.
Can Ethereum defend near-term channel support while still protecting the higher-time-frame structure? Patel’s roadmap lists $5,000 as an ultra bear case, $7,000 as a bear case, and $10,000 as a base case. It also maps $20,000 as a bull case and $30,000 to $40,000 as an ultra bull outcome. The same chart places green target zones in the late 2028 to 2030 period and shows a projected upside of about 800% to 995% from the marked support area.
Ethereum is testing a key short-term support level while its higher time frame structure still keeps bigger upside targets in play. The 3-hour chart shows immediate pressure at channel support, while the 2-week setup remains constructive above the broader support zone. The next move depends on whether ETH support holds.
