Ethereum (ETH) Tests $2,360 Support as Lower Highs Persist

Ethereum (ETH) has narrowed into a tight band on its daily chart, with spot quotes near $2,366 late Sunday, October 18, 2026. According to a report published by COINOTAG, the asset is trading between the $2,360 lower edge and the $2,440 upper edge of a demand zone that has drawn buying responses several times.

Tight Range, Repeated Reactions

The band spans roughly $80 from its floor to its ceiling. COINOTAG notes that recent daily candles carry lower wicks — a chart feature that forms when an asset trades below its opening or closing level during a session but recovers before the period ends, leaving a visible tail beneath the candle body.

As the report's headline states, lower highs persist. In chart analysis, that term describes a sequence in which each rebound peak forms at a progressively lower price than the one before it. A sustained run of such peaks is commonly read by chart analysts as a downward-tilting structure, since each recovery stalls earlier than the last. The persistence of that pattern, together with the repeatedly tested zone, frames the narrow range ETH currently occupies.

What a Demand Zone Represents

A demand zone is a price area on a chart where buying interest has previously emerged. Market participants commonly mark such areas as reference levels and observe how price behaves when it returns to them. Whether a level holds or gives way is determined by subsequent trading rather than by the label itself. Chart readers often distinguish an intraperiod probe that leaves only a wick from a daily close beyond the zone's boundary, treating the close as the firmer record of where a session actually ended. For the band described here, that places the emphasis on upcoming daily closes — whether sessions finish inside the range or beneath its floor — as the observable record of how the $2,360 area is behaving.

Ether and the Ethereum Network

Ether is the native asset of the Ethereum blockchain. It is used to pay the network's transaction fees, known as gas, and helps secure the network through staking following Ethereum's September 2022 transition from proof-of-work to proof-of-stake, an upgrade widely known as 'The Merge.' Ether is broadly tracked as the second-largest cryptocurrency by market capitalization, behind Bitcoin.

Source and Attribution

This content was first published on COINOTAG: https://en.coinotag.com/ethereum-eth-tests-2360-support-lower-highs

Full version: https://en.coinotag.com/ethereum-eth-tests-2360-support-lower-highs?full=1