ETH is trading within a contracting structure and remains above the rising support trendline.
The price was recently rejected by the descending resistance and is now retracing towards the 2,800โ2,900 support zone.
As long as this support holds, a move towards 3,300 โ 3,600+ remains possible.
A 4H close below 2,500 would invalidate the bullish structure and signal further downside.
ETHUSDT
Perp
3,078
-0.74%