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$ETH Dailly Chart Update
On 6th Jan, we shared a detailed update on #ETH highlighting the daily triangle structure and clearly warned that price was approaching the upper trendline, where rejection was highly possible. The plan was simple and disciplined: don’t chase near resistance, wait for confirmation.
#Ethereum moved into the 3300–3350 zone, tested the upper boundary of the triangle, and faced a clean rejection. There was no daily close above resistance, no acceptance — sellers defended the level exactly as expected.
After the rejection at 3300, price is now moving down to kiss the lower support zones . This is a critical area. We now need to see whether support holds or breaks.
Resistance: 3300–3350 (upper trendline)
Support zone: 3050(horizontal) – 3000 (triangle lower trendline)
Breakdown risk: Below 2900–2850
Upside only if: Daily close & hold above 3300
Right now, price is sitting near the upper half of the triangle, which slightly tilts the bias toward an upside resolution, but confirmation is everything.
🔍 Breakout scenarios
Bullish breakout: A daily close and hold above 3,300–3,350 can trigger expansion toward 3,600 → 3,900 → 4,200 (range-measured move)
Bearish breakdown: Loss of 2,900–2,850 support opens the door to 2,600 → 2,400 zones
No chasing inside the triangle — let price choose direction, then follow with controlled risk.