#ETH is moving strictly according to the previously outlined plan. I think now is the most appropriate time to update the situation on the chart a little.
As I expected, the price attempted to break through the 1st trend line, but it did not have enough strength to do so, which is why a corrective movement began During the decline, the asset reached the main support zone ($2,600–$2,788), which prevented the price from falling below the levels acceptable to us.
At the moment, you can see a confident breakdown of the local bearish structure Further developments will depend on whether the price finally manages to break through the descending resistance line or the attempt fails again. In general, I will monitor the development of the situation. The market has come to life, and this is encouraging.
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