Ethereum Update: Key Levels to Watch ⚠️
$ETH is currently trading inside a critical structure, and the chart is giving mixed signals.
🔴 FVG acting as resistance:
Price has been rejected multiple times from the Fair Value Gap zone around $3,200–$3,350, showing strong supply from sellers.
📉 Rising trendline at risk:
ETH is still holding the ascending trendline, but momentum is weakening. A clean break below this trendline could open the door for a deeper retrace.
🎯 Downside target:
There is a large Daily FVG liquidity zone below (~$2,000–$2,400) that could act as a magnet if the trendline fails.
🟢 Bullish scenario:
If ETH reclaims and holds above the FVG resistance, we could see a push back toward $3,600–$4,000 and continuation of the macro uptrend.
Bottom line: ETH is at a decision point.
Hold the trendline → bullish continuation.
Lose it → liquidity hunt lower.
