$ETH Update 🔍

Bounce came right off a strong demand zone at 2.7k–2.9k 🛒

Buyers are holding it for now.

Current move looks more like a relief rally 📈

Not a confirmed trend reversal yet.

Key resistance: 3.2k–3.4k ⛔ (channel top)

Rejection here = downside likely to continue ⬇️

Bullish confirmation 🟢

✔️ Clean daily close above the channel

✔️ Hold above ~3.3k

Risk ⚠️

Lose this level and path opens toward 2.6k

#ethereum Bias 🎯

Short-term bounce is valid, but macro still needs confirmation.

Good for tactical longs from demand.

Trend traders should wait for the breakout.