Ethereum — Can Buyers Defend the Uptrend?Ethereum / US DollarCOINBASE:ETHUSDYong726Market Structure Ethereum remains within a broader bullish structure despite the recent pullback. Following an explosive breakout above 2,400, price entered a consolidation phase near the highs and is now retracing toward an important support area. While short-term momentum has weakened, the series of higher lows remains intact, suggesting the broader trend still favors buyers unless key support fails. Market Sentiment - Moderately Bullish Market sentiment remains cautiously constructive. Buyers are becoming more selective after the recent rally, while sellers are testing support levels. The current decline appears more like profit-taking than a confirmed trend reversal. Bullish Scenario If Ethereum stabilizes above the first support and breaks back above the first resistance, buying momentum could return quickly and expose the second resistance, reinforcing the broader uptrend. Bearish Scenario If sellers push price below the first support, downside pressure may accelerate toward the second support. Losing that level would suggest the current correction is becoming deeper than a normal pullback. ──────────────────── Market Outlook Ethereum is currently digesting its strong rally through a controlled correction. As long as price remains above the key support zone, the broader bullish structure remains valid. The next directional move will likely depend on whether buyers can reclaim the recent supply area. ──────────────────── Key Levels First Resistance 2,470 Second Resistance 2,530 First Support 2,400 Second Support 2,340 ──────────────────── Future Scenarios A sustained move above 2,470 would indicate renewed buying strength and could open the way toward 2,530, confirming continuation of the broader uptrend. However, if price breaks below 2,400, selling pressure could increase toward 2,340, where buyers would need to defend the structure to avoid a larger correction. ──────────────────── Event Risk Ethereum remains sensitive to both macroeconomic developments and crypto-specific catalysts. Market participants continue to monitor Federal Reserve policy expectations, spot ETF flows, Ethereum network activity, Layer-2 adoption, institutional demand, staking participation, stablecoin liquidity, and regulatory developments. The next confirmed major macro event is the Federal Reserve meeting on September 15–16, 2026. Changes in interest-rate expectations could affect overall market liquidity and investor appetite for digital assets. Ultimately, price reaction matters more than the headlines themselves. If positive news cannot lift Ethereum above 2,470–2,530, bullish expectations may already be reflected in price. Conversely, if negative news fails to push price below 2,400–2,340, it would suggest buyers continue absorbing selling pressure, and the broader uptrend remains intact. ──────────────────── Please share your view below: Do you expect Ethereum to reclaim 2,530 and resume its primary uptrend, or will the current pullback extend into a deeper correction? More market structure and key level updates will be shared regularly.