Ethereum will rise again when it supports over the 100-period moving average on the daily chart. Currently, it is at 2990. It will either drop or consolidate for a few days.

Analysis for $ETH

- In the Ethereum chart, a symmetrical triangle stands out, which is a consolidation formation that generally resolves with a significant breakout, either upward or downward.

- The MACD appears to be showing a slightly bearish signal with lines below zero and a downward slope, suggesting that there could be short-term selling pressure. However, there is still no clear divergence indicating an immediate strong movement.

Possible scenarios:
- Bullish breakout (breaks above the triangle): If the price of ETH manages to break upward through the resistance of the triangle, approximately at 3,553, we could see momentum towards the next major resistance level around 3,700. The most ambitious target in the event of a solid breakout would be the key resistance at 3,778.

- Bearish breakout (breaks below the triangle): If ETH fails to overcome the resistance and instead breaks the support of the triangle around 3,465, we could see a more pronounced correction towards the level of 3,381. If the support at 3,381 is not maintained, the next key level would be 3,328, and if the downward pressure continues, 3,275.