Technical analysis by ElProfessoreXBT about Symbol ETH on 22 hour ago

Ethereum has reclaimed the rising trendline after breaking the previous downtrend, which is a constructive sign. Price is currently consolidating above the trendline, suggesting buyers are still in control. The highlighted zone above acts as a key resistance area. A clean breakout and acceptance above this zone could open the door for a continuation toward higher levels, following the projected bullish path. As long as ETH holds above the rising trendline and does not lose the ~3,100 area, the bias remains bullish. A rejection from resistance may lead to a short-term pullback, but dips toward the trend