$ETH

Does Ethereum respect the whales, or are we nearing a breakdown?

We notice that Ethereum's movement is trending upwards within a sloping sideways channel between $2,500 and $2,700.

Points ABCD have been identified in a classic movement pattern within the purple channel (defined by point A at the bottom and B at the top).

🔵 The support area extending between $2,502 — $2,528 currently represents the first line of defense, and a rebound from it will significantly determine the shape of the next wave.

The red ascending trend line from the bottom is still intact — revealing that the movement remains within the upward framework in the medium term.

📈 Expected scenarios:

1️⃣ Positive scenario (preferred if support is respected):

A rebound from $2,502 — $2,528

Gradual rise to $2,584 — $2,700

Breaking $2,700 will open the way towards $3,117.96 (above the green line)

💡 This scenario is linked to positive daily candle momentum and a return of market confidence.

Negative scenario (if support is broken):

Breaking $2,502 will cause a sharp decline to:

$2,300

$2,150

Reaching $2,050 — $2,000 (a strong psychological support area)

This scenario requires consecutive red daily candles with weakened demand.