🔎 Current Technical Situation

According to the daily technical summary from several sources: for ETH, the signal is currently neutral – mixed.

ETH has previously experienced a decline from the high zone (~ US$4,600) down to below US$3,000, then forming a “higher-low” near the area of ~ US$2,800.

Currently, ETH is attempting a recovery — but is still “trapped” below the descending trendline and below long-term moving averages (100-day & 200-day).

For a bullish continuation, ETH needs to break through the critical resistance zone around US$3,400–3,500.

If it fails to break through resistance and there is no bullish confirmation (daily/weekly close above resistance), the market structure can still be considered bearish or at least sideways.

📈 Bullish vs Bearish Scenario for ETH

🟢 Bullish Scenario 🔴 Bearish / Neutral Scenario

- ETH successfully breaks & closes above US$3,400–3,500 → could open the way to higher targets (around US$4,000 and above). <br>- Recovery from “higher-low” provides a foundation for an uptrend if volume supports it. <br>- If medium-term support must be maintained, the chances of a rebound are quite high. - Price remains below resistance & long-term moving average → medium-term trend remains bearish or sideways. <br>- If it fails to break resistance and a rejection occurs → it could return to the support range (~US$2.8k–3.0k). <br>- The market could stagnate if volatility is low & there are no major catalysts.

✅ What Should Be Monitored (Key Signals)

1. Can ETH break and close daily/weekly above US$3,400–3,500.

2. Trading volume & liquidity — is there real “buying interest,” not just small speculations.

3. Support in the area around the low levels (~US$2.8k–3.0k) — if broken, volatility & risk levels will increase significantly.

4. Indicators – long-term moving averages, trendline, as well as bearish vs bullish signals (MACD, RSI, etc).$ETH #ETH #trendline