Ethereum Rebounds After Four Previous Tests of Key Support Trendline

Ethereum price has bounced back above the $2,636 mark after testing its seven-year ascending support trendline for the fourth time. The rebound follows a two-week dip toward this key level and signifies a resilient market structure observed since 2016. The current bounce supports the view that this pattern could signal another bullish outcome for ETH as traders observe the consistent durability of the structure across multiple market cycles.