Analyzing Ethereum ETH rebounded from its July 21 low, briefly approaching $1,959 during intraday trading. Ethereum's performance relative to Bitcoin has also improved. So far in Q3 this year, ETH is up 22.98%, significantly outperforming its historical Q3 average return of 8.86% since 2016. Previously, ETH dropped 29.26% in Q1 and another 25.28% in Q2. From the daily chart, Ethereum has maintained an upward channel since its late June low of around $1,514. It is currently holding above the lower boundary of the channel and the 20-day moving average at $1,828, with the price structure still showing higher lows. Currently, the $1,945 to $1,953 range is the first key resistance zone. ETH has tested this area twice but has yet to break above it on a daily close. If it breaks through $1,953, the next target could be the 100-day moving average near $1,981, followed by the psychological $2,000 level. On the support side, $1,900 has provided intraday support, with leveraged positions clustered around $1,880 and $1,840. The $1,859 level is the next critical support. If it breaks below this, the price may revisit the $1,828 level. If $1,828 is further breached, the recent pattern of higher lows will be invalidated, and $1,785 could come back into focus. Lower levels include the mid-term moving average zone near $1,734.