🚨 $ETH: Bull Trap or Buying Opportunity? 📉

$ETH broke down from its ascending channel and is now in a short-term downtrend. However, a bounce from the $2,750–$2,850 demand zone suggests buyers are stepping in. 🛡️ Current price action looks like a pullback to a broken support (now resistance) around the channel’s former upper boundary. A successful retest of this channel could reignite bullish momentum. Failure to reclaim it… and the downside risks remain very real. Keep a close eye on this key level!

#Ethereum #CryptoTrading #TechnicalAnalysis #Altcoins 🚀

ETHUSDT

Perp

2,974.32

-0.34%