Ether Trades Within $2,680-$2,770 Supply Zone After Pullback

Ether (ETH) is trading near $2,700 within the $2,680-$2,770 supply zone, while remaining above an ascending trendline and two moving averages.

Several daily candles have formed upper wicks within the supply zone, indicating selling pressure. The rising yellow moving average has moved above the orange one, but ETH has yet to break out.

A decisive daily close above $2,770, followed by a break of the recent high near $2,800, would put the $2,900-$3,000 resistance zone in view. A drop below the consolidation low around $2,640 would put the rising trendline and support between $2,360 and $2,420 in focus.

On the four-hour chart, ETH is moving within an ascending channel. After retreating from the upper boundary near $2,780 toward the midpoint around $2,670, it recovered to approximately $2,700. Holding above the midpoint could support another attempt at the supply zone; a sustained move below it and the recent low near $2,650 would weaken the near-term setup.

Further chart support sits near $2,630 and $2,580, followed by a demand zone between $2,440 and $2,480. The channel’s lower boundary approaches that demand area.

A two-week Binance ETH/USDT liquidation heatmap shows estimated clusters on both sides of the price. An overhead band lies around $2,780-$2,800, with further concentrations toward $2,850. Below, clusters appear near $2,610-$2,630 and across $2,550-$2,600. Reaching the overhead band would not, by itself, confirm that ETH can sustain higher prices.