Ethereum Price Analysis: ETH Tests $2,300–$2,400 Resistance With Uptrend Still Structurally Fragile

Ethereum has climbed from support near $1,800 to challenge a key resistance band around $2,300–$2,400 after weeks of base-building above the February lows. While the daily chart shows ETH still below its 100-day and 200-day moving averages, the 4-hour structure features an ascending channel and a brief breakout, with momentum entering overbought territory. On-chain data indicate network activity remains relatively strong and suggest the recent rebound may be better supported than a purely speculative rally.