$ETH: The recent surge originated from a strong support zone around 2.7k-2.9k, and this zone is still being maintained.

The current movement resembles a technical relief rally heading towards the upper boundary of the price channel, not yet a clear trend reversal.

Important resistance: around 3.2k-3.4k (channel top). If rejected here - it is highly likely that the downtrend will continue.

Bullish confirmation: daily candles closing clearly above the channel and holding above ~3.3k. Risk: if the support zone of 2.7k is lost → it could pave the way back to 2.5k.

Outlook: cautious short-term rebound, the larger trend still needs further confirmation.

Suitable for strategic long orders from the support zone, while trend traders should wait for a clear breakout.#FOMCWatch #BinancehodlerSOMI #WriteToEarnUpgrade #BTCVSGOLD $ETH