Ethereum has bounced off the lower boundary of its weekly trading channel established since 2024, now pushing back inside with building bullish momentum, according to trader @TATrader_Alan. If this level holds firm, the channel structure points to a $6,000 target by mid-2026, fueling optimism in ETH price prediction amid broader crypto market trends and correlations with Bitcoin (BTC) strength.

On the 4-hour chart, Ethereum trades at $2308.98 in a bearish trend, hugging the EMA50 resistance at $2310.1 while the EMA200 at $2198.42 acts as deeper support. Momentum sits neutral with RSI(14) at 45.89, but the MACD(12,26) death cross at -11.87 signals ongoing downside pressure; price lingers inside the Bollinger Bands, testing the upper resistance at $2448.13 that could cap rallies, setting up a potential drop to the lower band support at $2247.86 before any Ethereum channel analysis confirms upside in this volatile crypto bullish momentum phase.