Technical analysis by melikatrader94 about Symbol ETH on 7/9/2025

Hello guys!Ethereum is currently testing a strong resistance zone around the $2,678 level, which has previously acted as a key barrier. Price action has been climbing steadily within an ascending channel, indicating a clear bullish trend in play.However, since ETH is right at the resistance, we could see a short-term correction or pullback toward the $2,560–$2,580 support range (highlighted zone), which also aligns with the midline of the channel and previous consolidation structure.If this support holds, a healthy bounce from this area would likely push ETH toward the next bullish target around the $2,760–$2,800 zone, which sits near the upper boundary of the current channel.The long position target has been achieved!