Ethereum trades near $2,000 as analysts eye channel support at $1,970

Ethereum (ETH) traded around $1,985 on May 15, up 2.0% in 24 hours, after briefly testing $2,000 and retreating within a $1,922–$2,009 range. Daily chart data show ETH stabilized above $1,970 in a consolidation band between $1,900 and $2,050, with the Chande Momentum Oscillator near 2 and Connors RSI around 71, signaling balanced pressure as short-term bullish momentum emerges. Analyst Jonathan Carter noted ETH is rebounding from the lower boundary of a long-term ascending channel on the weekly chart, with buyers defending key support near the channel base; he said holding this support could point to potential targets at $2,350, $2,800, $3,550, $4,700, and $5,700, though he emphasized the outlook is informational and not financial advice.