🚨 Technical analysis of $ETH | Daily frame

🔹 Current price: 2877 USDT

– The general trend is downward in the medium term with continued formation of lower peaks.

– The price is currently trading above a strong demand zone around 2700 – 2600.

– The current movement is considered weak bullish consolidation/correction inside a sloping channel.

– The daily RSI indicator is fluctuating and below strength areas → the bullish momentum is weak and needs confirmation.

🔼 Positive scenario (Rise):

If it holds above 2800 and breaks above 3300

🎯 3500 – 3800 – 4200

🔽 Negative scenario (Fall):

If it breaks 2700 with a daily close

❌ 2500 – 2300 – 2100

📌 Note: Any rise without a clear breakout is considered a correction within a downward trend.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.