**Flash News: Ethereum on the Verge of $2.8K, Ready to Rise or Fall! 🚀**

- Ethereum (ETH) has just approached the crucial resistance level at $2.8K after rising from the middle boundary of the descending price channel.

- The daily chart shows ETH consolidating with low volatility, approaching a major resistance that could become a battleground between buyers and sellers.

- If ETH manages to break through $2.8K, the uptrend could continue to $3K. Conversely, a rejection could bring the price back to $2.5K.

- The 4-hour analysis shows a bearish pattern, with sellers starting to gain ground. If sellers win, the price could drop to $2.4K.

- On-chain analysis shows the Taker Buy/Sell ratio is below 1, indicating high selling pressure. However, this ratio is starting to rise, giving hope for a trend reversal.

What do you think? Will ETH break through $2.8K or fall? Comment below!