Ethereum flips $2,385 to support, eyes $2,900 after triangle breakout

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ETH clears $2,385. Analysts eye $2,900 and a confirmed bottom at $1,876.

Ethereum broke above $2,385 and flipped it to support. Analysts set $2,900 as the next target and argue the bottom is in.

  • Ali Charts reports an ascending triangle breakout after ETH cleared $2,385 resistance and turned it into support source source source.
  • The measured move sets a $2,900 objective if price holds above $2,385 source.
  • Overhead supply above $2,385 looks absorbed, easing upside friction source.
  • MarketMaestro advances the “Bitcoin top vs ETH bottom” thesis with an inverse H&S inside a large triangle reaccumulation zone source.
  • Positive RSI divergence backs a cycle floor at $1,876 and aligns with price action source source.
  • The analyst watches for a right-shoulder formation and a stronger rally after a triangle break source.

Ali’s breakout call hinges on $2,385 holding as support. Above it, the bias stays with buyers and keeps $2,900 in play source source.

ETH ascending triangle breakout chart by Ali Charts

MarketMaestro frames current price action as the second region of the head in the inverse H&S. A confirmed break would mark a new trend phase source.

ETH inverse H&S within triangle reaccumulation by MarketMaestro