Ethereum Rebounds from Key Confluence Zone

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EETH/USDT Weekly Chart Analysis

Ethereum is holding a major long-term uptrend as the price bounces off the ascending trendline support. This level also aligns with a strong historical resistance-turned-support zone, adding more confluence to the current bounce.

As long as ETH stays above this structure, it suggests a potential macro bullish continuation, with eyes on the upper resistance line near $3,200–$3,500.

A strong defense at this zone reinforces long-term bullish sentiment.

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