#Eth Quick Update

Ethereum is still trading inside a descending channel, showing clear lower highs and lower lows formation.

Currently, the price is testing the bottom support zone of the channel near $3,700.

If this support breaks decisively, we could see another strong downside move toward the $3,400โ€“$3,200 range ๐Ÿ”ป

However, if bulls hold this level, a short-term bounce back toward $3,950โ€“$4,000 is possible before the next major move.

Overall structure still looks bearish until ETH breaks above the upper trendline with strong volume โš ๏ธ

Stay cautious โ€” market still in a weak phase across majors.