#ethereum *Ethereum Holds Rising Trendline as ETHUSD.P Consolidates Near $2,118*
Ethereum perpetual futures on Delta Exchange India are trading at *$2,118*, up 0.04% on the day, as price consolidates above a rising trendline after a sharp intraday spike.
The 15-minute chart shows ETHUSD.P spiking to *$2,139.83* early in the session before pulling back into a sideways range. Since then, price has been building higher lows along the ascending blue trendline, currently sitting around *$2,116–$2,118*. The $2,124 level, marked by the red resistance box, is acting as immediate overhead resistance.
*Key Levels:*
- *Current Price*: $2,118
- *Resistance*: $2,124–$2,125 zone, marked by the red box
- *Support*: Rising trendline near $2,115, with stronger support at $2,112.46
- *Session Range*: High at $2,118.55, low at $2,116.70
Price is compressing between the rising trendline and horizontal resistance, forming a tightening setup. A break above $2,124 could open a move toward $2,130–$2,135, while a loss of the trendline risks a drop back to $2,112.
The structure suggests buyers are defending dips, but momentum remains neutral until resistance is cleared.