ETH price holds onto crucial support at $2,100 after trading a record high at $2,200. Consolidation is likely to increase based on the MACD. ETH Price reclaimed the position above $2,000 last week after a correction that tested the support at $1,930. Numerous buy orders were triggered, allowing bulls to push for new all-time highs.

Ethereum holds at the key ascending parallel channel’s middle boundary support. Holding above the 50 SMA on the four-hour chart could validate the gains to a new record high. Losing the immediate support at $2,000 could trigger losses toward $1,800. Ethereum led other altcoins to stage a recovery this week. For the first time in

Ethereum restores the uptrend toward $2,000 after embracing support at $1,800. ETH bulls look forward to price action past $2,000, which may trigger more buy orders. A potential double-top pattern could sabotage the upswing, allowing a correction toward $1,550. Ethereum managed to close the day above $1,800, confirming to investors that market stability was intact.