#Ethereum (ETH/USDT) Daily Chart Update
As previously analyzed, Ethereum has dipped back into the lower support zone within its descending triangle pattern. After testing this area, ETH is showing slight bullish signs, but the market remains highly volatile.
🔸 Current Analysis
Lower Support Zone: ETH is testing a key support level (highlighted in red). If it holds, a bounce could be likely, presenting a potential upward move.
Resistance Points: Key resistance levels are set at $2,790.99 and $3,319.38. A breakout above these could indicate stronger bullish momentum.
🔹 What to Watch
Daily Close: A daily close above the descending trendline could confirm bullish intent, while a close below support may suggest further downside risk.
Volatility: The market is highly reactive, so it’s essential to monitor daily closes for clearer trend direction.
Stay alert and trade carefully. Major moves may be on the horizon.