$ETH
๐ ETH/USDT (1D) Technical Outlook ๐
Ethereum is currently trading within a rising channel on the daily timeframe ๐. The price is respecting both the lower and upper trendlines with solid bullish structure ๐ข.
๐ Current Price: $2,965
๐ Upper Trendline Resistance: $3,104
๐ Support Trendline: Holding steadily, suggesting strength in this uptrend.
๐ต๏ธโโ๏ธ Price is hovering around the mid-zone of the channel, and if bulls maintain pressure, we might see a breakout above $3,054! ๐จ Keep a close watch โ a daily candle close above this level could confirm bullish continuation.
โ ๏ธ On the flip side, failure to hold support might push ETH back toward the lower channel line. Manage your risk wisely! ๐ผ