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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.

3The next price target for the upward move is the 2400.00 resistance level.

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.

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2 additional sources confirmed this story