Ethereum’s Trendline Tango: Will $2,679 Be the Final Dance Move?

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Oh, look! Ethereum is once again tiptoeing around a critical descending yellow trendline on the 4D chart. Analyst MoreCryptoOnline has humorously flagged $2,679 as the wave C target on X. How original!

Ethereum, that ever-ambitious digital currency, is once again knocking on a ceiling it has previously bounced off like a rubber ball in a kindergarten class. The 4-day chart reveals our friend ETH speeding toward a yellow trendline that has been as reliable as your grandmother’s old recipe for chicken soup-defined and comforting since last year’s highs.

As of this moment, price is lounging around $2,388. That’s not exactly pocket change, is it? But just above, the trendline looms ominously, ready to put a stop to any bullish dreams-sellers have made their presence known at this neighborhood before.

According to the ever-enthusiastic MoreCryptoOnline on X, ETH is approaching this yellow trendline like a moth to a flame, potentially facing resistance on the 4D chart. The 100% Fibonacci extension for wave C, which no one saw coming, is set at $2,679. This level is painted as the ideal target for a C-wave completion-because who doesn’t love a little mathematical drama?

Ethereum is getting cozy with the yellow trendline, which might just be the resistance we all didn’t ask for. The 100% extension target for wave C is conveniently located at $2,679. Perfect for those who enjoy a good C-wave.

– More Crypto Online (@Morecryptoonl)

Source: Morecryptoonl

This Trendline Has a History

This isn’t just any line; it’s the yellow descending trendline connecting swing highs from late 2024 through early 2025. It has the reliability of an old sitcom rerun-every time it’s tested, sellers come flocking back like seagulls to a beach picnic.

Wave A found its bottom near the $1,800 zone, then wave B decided to make a comeback. Now, wave C is pushing higher, pointing its metaphorical finger at $2,679 as the 100% extension. The chart, in all its glory, makes that painfully clear.

Beyond this exciting threshold lie further extension targets. The 123.6% level lands at $2,893, while at 138%, the target is a tantalizing $3,031. Not that anyone is focusing on those right now, but traders are surely peering anxiously at the higher echelons above current prices.

The broader Elliott Wave picture for Ethereum had already waved a red flag, indicating the $1,820 to $2,620 zone as a key corrective region. ETH managed to hold that floor, and now it’s gallivanting into the upper end of that range like it owns the place.

What Happens at the Trendline

Now, brace yourselves for two thrilling outcomes. Price could either reject and pull back, preparing for another round like a boxer in a ring, or it could break through, making $2,679 the immediate active target-because why settle for less?

Q2 analysis noted that ETH was sitting pretty at macro support relative to Bitcoin, holding the $2,000 level while bulls faced their share of overhead hurdles. Impressively, that support held strong. The narrative has shifted from defense to offense, like a football team suddenly deciding to score a touchdown instead of just running out the clock.

However, let’s not get too carried away yet. Nothing is set in stone. The trendline remains as steadfast as your uncle’s opinion during Thanksgiving dinner. A decisive close above it on the 4-day chart would certainly change the game. Until then, this level is resistance, and the market is poking it with a stick to see what happens.

At the 161.80% Fibonacci extension, the chart also highlights a $3,275 target. The 78.60% retracement zone sits at $3,970. Those figures are further down the road, but right now, the burning question is simpler: Will the yellow trendline hold its ground or buckle under pressure?

The $2,679 wave C target only holds value if the trendline doesn’t behave itself.

This article reflects technical analysis from a market analyst and is not financial or investment advice. Please consult your local oracle for guidance.

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2026-04-23 17:49