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#ETH Beware of a Rebound

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📊#ETH Beware of a Rebound ⚠️

🧠From a structural perspective, we've been consolidating sideways between 2700 and 3400. Therefore, we're still in a range-bound phase. We need to observe any breakout to determine the trend's continuation.

➡️Currently at the lower edge of the range, we need to be wary of a further rebound. The intermediate resistance level to watch is still the gray S/R around 3050.

➡️The support level we should pay attention to remains around 2800.

Let's see 👀

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#ETH Update

We are retesting the resistance zone (S/R), so be wary of the risk of a short-term correction.

Aggressive support is around 2938, which could hold if we can quickly test it.

Conservative support remains around 2800.

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