#ETH is in a clear ascending trend, respecting the rising trendline with multiple confirmed bounces (green circles). Support: Strong demand zone around 2,650–2,800, with dynamic support currently near 3,050–3,100 (trendline). Resistance: Major supply zone at 3,350–3,500 (red area), where price has been repeatedly rejected. Current Price Action: The recent pullback looks like a healthy retracement, not a breakdown, as long as price holds above the trendline. Bullish continuation if ETH holds the trendline and reclaims 3,250+. Bearish risk only if price loses the trendline → next support near 2,900.