🔮 What will happen next $ETH : Growth or decline?
No one can predict the future with certainty, but we can assess the probabilities based on technical analysis.
✅ Scenario 1: Continuation of growth (Bullish)
* **Condition:** If the price **breaks and closes above** the level $2,834.34 (upper boundary of the channel) and especially if it overcomes the next strong resistance level at **$3,008.24**.
* **Target:** In this case, the target could be at the level of **$3,200 - $3,400**.
* **Confirmation:** Increase in volume during the breakout and rise in RSI (strength indicator) into the zone of 60-70 (not overbought).
⚠️ Scenario 2: Correction / Decline (Bearish)
* **Condition:** If the price **bounces off the upper boundary of the channel** ($2,834.34) and **cannot hold above**. Especially if it breaks down the support level at **$2,317.99**.
* **Target:** In this case, the correction might go down to **$2,600 - $2,500**.
* **Confirmation:** Decrease in volume during attempts to rise, RSI dropping below 50, appearance of "bearish" candles (red, long shadows down).
