#ETH — Signs of a Reversal or Just a Correction? 🤔

Right now, we're seeing a slight buyer reaction at a key horizontal support level and the lower boundary of the downward channel near $2,150 📉.

After dipping, ETH has bounced back to $2,300 and is steadily climbing 🔼. If this momentum continues, we might be looking at a full rebound and the start of a new upward trend.

However, if in the mid-term, the price stays close to $2,150 🔽, it could indicate a break of support and a continuation of the downtrend.

For now, we’re hoping for the positive scenario. Let’s see where the market heads this week!