$ETH is currently facing rejection at the 2650 level. Will a downtrend form?
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Currently, ETH has reacted at the price level of 2650, and as I write this article, the price is below the 2600 level.
If the H4 candle closes below 2600, a downtrend may be reestablished.
Forming a downtrend at the current price level may be maintained until the price touches the support level of 2300. This 2300 level will be very important and we need to wait for a reaction from the price line.
This plan will be invalidated if the price breaks above 2800.