ETH Hits Descending Trendline: Is $2,679 the Next Stop?
The post ETH Hits Descending Trendline: Is $2,679 the Next Stop? appeared on BitcoinEthereumNews.com.
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. $ETHEthereum is approaching the yellow trendline, which could provide resistance. The 100% extension target for wave C is located at $2679. This is an ideal target for a C-wave. pic.twitter.com/xcZlkaGzhe — More Crypto Online (@Morecryptoonl) April 22, 2026 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.…
