🚨 $ETH: Bull Trap or Buying Opportunity? 📉

$ETH broke down from its ascending channel and is now in a short-term downtrend. However, a bounce from the $2,750–$2,850 demand zone suggests buyers are stepping in. 🛡️ Current price action looks like a pullback to a broken support level (now resistance).

A successful retest of the channel could reignite bullish momentum. But failure to reclaim it… and the downside risk remains very real. Keep a close eye on this one. 👀

#Ethereum #CryptoTrading #TechnicalAnalysis #Altcoins 🚀

ETHUSDT

Perp

2,975.27

+0.97%