ETH/USDT – 8H Chart Analysis
#Ethereum is trading inside an ascending channel — bouncing between resistance and support trendlines.
✅ Recently, $ETH touched the support trendline and bounced back, showing buyers are still active.
If this trendline breaks, price may drop toward the $1,980–$2,080 support/FVG zone before any strong recovery.
But if bulls push price above the channel resistance, we could see a rally toward $2,900–$3,100 levels and Highly Chance to hit New All Time High $5000
⚠️ Current price ($2,561) is right in the decision zone.
Wait for breakout or breakdown confirmation before entering big trades.
Watch closely. Next few candles can decide the next 15–20% move!
