Ethereum Tests Critical $1,943 Support: Analyst Projects $7,000 Target if Channel Holds

TLDR: Ethereum trades at $1,943, testing the lower boundary of an ascending channel established since 2020 lows.  Technical analysis projects potential $7,000 target representing 260% upside if current support holds firm.  Weekly close below $1,850 could invalidate the multi-year pattern and trigger decline toward $1,200-$1,500.  Asymmetric risk-reward profile shows 20-30% downside risk versus 260% upside [...]

The post Ethereum Tests Critical $1,943 Support: Analyst Projects $7,000 Target if Channel Holds appeared first on Blockonomi.