Ethereum Holds Above $1,900 as Analysts Eye $2,200 Relief Rally and Potential $6,000 Target

Ethereum is consolidating between $1,900 and $2,000 after falling from above $3,000, with the loss of $2,700 support shifting the structure to lower highs and lower lows. Analyst Ted said ETH faces resistance at the former $2,400 support, with scenarios including a relief rally toward $2,200 before renewed selling or, if support fails, a move toward $1,600. Trader Tardigrade's weekly chart shows a long-term ascending channel from a local bottom near $1,565, where a recent retest at about $1,894 aligns with the lower trendline and projects a macro target toward $5,900–$6,000 if the pattern holds, while a weekly close below channel support would invalidate this structure. James Easton notes ETH is trading within a symmetrical triangle above local demand, where a breakout above descending resistance could target around $2,200 with volume confirmation, whereas a failure of rising support could expose liquidity near $1,700.