$ETH Ethereum has returned to a major descending trendline that has shaped price action for weeks. The market is closely watching how ETH behaves at this critical resistance zone.

👉 Ethereum is back testing a significant descending trendline that's been controlling its price movement since early November. The asset recently pushed toward $3,120 USDT, but now finds itself struggling right beneath this key resistance line. What makes this moment interesting is the pattern of lower highs that's been developing—each time ETH touches this trendline, it gets rejected and continues lower. The price candles are starting to compress under the line, showing the market's indecision about what comes next.

👉 Looking at the chart, you can see multiple rejection points marked along the trendline where ETH tried to break through but failed. Each failed attempt led to more downside, creating a series of lower lows that define the current market structure. Right now, ETH is sitting at that same technical boundary again, and recent price action shows hesitation. The candles clustering near resistance tell us traders aren't sure if there's enough momentum to finally break this pattern that's been holding for weeks.

👉 The bigger picture still shows a controlled decline within a downward channel. This trendline behavior is exactly what traders watch when analyzing ETH price movements—repeated touches at resistance levels give clear signals about short-term direction. The consistent pattern of lower highs has created steady downward pressure that's shaped Ethereum's structure throughout recent weeks. While this latest move back to the trendline shows renewed testing, there's no confirmation yet of any real strength or structural change. ETH remains locked in its current trajectory.

👉 Why does this matter? When price interacts with long-standing trendlines like this one, it often sets the tone for near-term market sentiment. How ETH responds at this resistance level will likely influence trader expectations and guide momentum in upcoming sessions. The reaction here could determine whether we see continued downside or if Ethereum finally builds enough strength to challenge this pattern. For now, all eyes are on how price behaves at this critical $3,120 zone.

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