Ethereum price analysis: ETH tests $2,300–$2,400 after rebound from $1,800

Ethereum (ETH) has rebounded from the $1,800 area and is now challenging the $2,300–$2,400 supply zone, a level that could determine whether the move extends or stalls. While the daily trend remains below the 100-day and 200-day moving averages, the 4-hour structure shows an ascending channel and a push into overbought RSI conditions as price presses into resistance.