ETH Hits Descending Trendline: Is $2,679 the Next Stop?

Ethereum nears a critical descending yellow trendline on the 4D chart. Analyst MoreCryptoOnline flags $2,679 as the wave C target on X.

Ethereum is knocking on a ceiling it has bounced off before. The 4-day chart shows price closing in fast on a descending yellow trendline. That line has defined the structure since last year’s highs.

Price was sitting around $2,388 as the setup developed. Not a small number. But the trendline sits just above, and sellers have shown up there before.

According to MoreCryptoOnline on X, ETH is approaching the yellow trendline that could provide resistance on the 4D chart. The 100% Fibonacci extension for wave C is mapped at $2,679. That level, the analyst notes, is the ideal target for a C-wave completion.

Source: Morecryptoonl 

This Trendline Has a History

The yellow descending trendline connects swing highs from late 2024 through early 2025. It is not a random line. Each test brought sellers back in.

Wave A found its bottom near the $1,800 zone. Then wave B recovered. Now wave C is pushing higher, and the math points to $2,679 as the 100% extension. The chart makes that clear.

Beyond that sit further extension targets. The 123.6% level lands at $2,893. At 138%, the target is $3,031. These are not the immediate focus but they show traders are watching a wide range above current price.

The broader Elliott Wave picture for Ethereum had already flagged the $1,820 to $2,620 zone as a key corrective region. ETH held that floor. Now it is pushing into the upper end of that range.

What Happens at the Trendline

Two outcomes. Price rejects and pulls back before another attempt. Or it breaks through and $2,679 becomes the active target almost immediately.

Q2 analysis had noted ETH sitting at macro support relative to Bitcoin, with the asset holding the $2,000 level while bulls faced overhead hurdles. That support clearly held. The picture has shifted from defense to offense.

Still, nothing is confirmed yet. The trendline remains intact. A decisive close above it on the 4-day chart would change that. Until then, the level is resistance and the market is testing it.

At 161.80% Fibonacci extension, the chart also marks a $3,275 target. The 78.60% retracement zone sits at $3,970. Those are further out numbers. Right now the question is simpler. Does the yellow trendline hold or not.

The $2,679 wave C target only matters if it does not.

Disclaimer: This article reflects technical analysis from a market analyst and is not financial or investment advice.

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