TECHNICAL analysis chart of Ethereum.next move possible

1. Support Zone (Blue Area at the Bottom) – This indicates a demand zone where price previously found buyers.


2. Resistance Levels (Red Lines at the Top) – These mark potential price targets or levels where selling pressure may increase.


3. Trendline (Black Line) – Shows an upward trend that was broken, suggesting a shift in momentum.


4. Entry and Target (Green and Red Box) – A long (buy) trade setup is illustrated, expecting a bounce from the support zone around $2,697.1, targeting around $2,776.7.


5. Arrow Projection – Suggests a potential bullish move after price touches the support zone.



Overall, this chart predicts a potential upward move if the price respects the support zone. Are you planning to trade this setup?