ETH - Demand Zone Meets Channel Support… Correction Loading?

⚔️ETH is currently trading around a major demand zone, which lines up perfectly with the lower bound of the falling channel. This intersection forms a strong confluence area where buyers typically step in to absorb the selling pressure.

🏹As long as ETH holds above the $2,500–$2,650 zone, we will be looking for long setups, anticipating a big corrective move toward the upper bound of the falling channel. This would align with the natural rhythm of impulse → correction inside a bearish channel.

If the bulls manage to defend this area, the next targets sit around $3,500–$3,650, which represent the next key resistance levels. However, a break below the demand zone would invalidate the bullish correction setup and open the door for further downside.

ETH is now at a decisive point… will the demand zone trigger the next corrective leg upward? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr