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Will Ethereum ($ETH) Continue Its Upward Trajectory

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The ETH chart closely resembles that of $BTC. The asset is trading sideways between the support zone of $2,217-$2,236 and the resistance zone of $2,286-$2,307. For Ethereum, continuing the global upward trajectory and achieving new highs is the priority.

If buyers break through the current resistance range, the next set of seller orders is likely to be encountered in the zone of $2,325-$2,342. Beyond these levels, a stronger sellers' level at $2,361 awaits, and securing above this would mark the end of the local correction.
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Should ETH face further corrective decline, it could reach new local lows at $2,201 and $2,164. A deeper correction is plausible if BTC continues its downward trend.

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