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CryptoMedium•7 April 2026•

1 min read

Ethereum Bounces from Support, Targets $2,400 as Wave Correction Completes

Key Facts

1Ethereum price reversed upward from a support zone at the 1800.00 level and a rising trendline.

2Technical analysis indicates the completion of an intermediate ABC wave correction.

Version History

2 additional sources confirmed this story

Ethereum (ETH) price has staged a significant upward reversal after hitting a key support zone near the 1800.00 level and a rising trendline. Technical analysis from ActionForex indicates that this move marks the completion of an intermediate ABC wave correction. The bounce reinforces the cryptocurrency's long-term bullish structure within its daily ascending channel. Market analysts have identified the next major price target at the 2400.00 resistance level for the ongoing rally. This technical setup suggests a potential short-to-medium term recovery for ETH/USD as it maintains its upward momentum. Investors are closely watching these levels to confirm the sustainability of the current bullish trend in the broader crypto market.