$ETH

Although Ether has been trading below the $2,850 mark recently, bears have not been able to overcome the $2,500 support, suggesting a weakening of selling pressure.

Bulls are now aiming to push the price to the downward trend line, a crucial point that bears will try to defend. If the price bounces off this trend line but stays above the 20-day EMA ($2,789), this could be interpreted as a buy signal on pullbacks, which would increase the chances of a breakout above the downward trend line and a bullish move towards $3,400.