#Eth update on daily tf

There is an continuing short-term bounce from the support level of around 2.9K. This level has repeatedly shown resistance. The wedge pattern following this bounce indicates resistance

around 3K, with potential further resistance near 3.3K.

To confirm a bullish trend reversal, a confirmed breakout above this resistance is necessary.

Once this breakout occurs, the bullish price target, around 4.1K, can be established, aligning with the top of the wedge pattern. As of now, this breakout has not yet happened.