#Ethereum is currently trading near $2,516 and is respecting an ascending channel on the daily timeframe.
Two key possibilities to watch:
● If $ETH breaks below the channel support, it could signal a shift toward bearish momentum and trigger a potential downside move.
● On the other hand, if $ETH holds the support and bounces, we might see a bullish push toward the upper resistance of the channel.
The trend is your friend—stay tuned and manage risk accordingly.