#ETH is in a clear ascending trend, respecting the rising trendline with multiple confirmed bounces (green circles). Support: Strong demand zone around 2,650,2,800, with dynamic support currently near 3,050,3,100 (trendline). Resistance: #Major supply zone at 3,350,3,500 (red area), where price has been repeatedly rejected. Current Price Action: The recent pullback looks like a healthy retracement, not a breakdown, as long as price holds above the trendline. #Bullish continuation if $ETH holds the trendline and reclaims 3,250+. #Bearish risk only if price loses the trendline → next support near 2,900. #crypto
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#ETH is in a clear ascending trend, respecting the rising trendline with multiple confirmed bounces (green circles). Support: Strong demand zone around 2,650,2,800, with dynamic support currently near 3,050,3,100 (trendline). Resistance: #Major supply zone at 3,350,3,500 (red area), where price has been repeatedly rejected. Current Price Action: The recent pullback looks like a healthy retracement, not a breakdown, as long as price holds above the trendline. #Bullish continuation if $ETH holds the trendline and reclaims 3,250+. #Bearish risk only if price loses the trendline → next support near 2,900. #crypto