DeGRAM | ETHUSD will rebound from the support area📊 TECHNICAL ANALYSIS
● The chart shows Ethereum forming a broad symmetrical triangle (from June to Nov), with price currently near the lower trend-line support (approx $3 000) and facing a descending dynamic resistance line. A bounce at the support zone suggests buyers are stepping in.
● Price action indicates a test of the key accumulation zone around $3 000–$3 100 (green area). A successful rebound toward the descending resistance (~$3 600-3 800) and subsequent break could signal the start of the next upward leg (wave count suggesting completion of corrective triangle).
💡 FUNDAMENTAL ANALYSIS
● Despite recent weak sessions, the upcoming Fusaka upgrade (early Dec 2025) brings network improvements for Ethereum (lower fees, better scalability), which supports long-term bullish structure.
● Major institutional accumulation is shown by growing net supply increase (+18 262 ETH over one week) and large investors building positions, signalling underlying conviction even amid market pullback.
✨ SUMMARY
● Long bias: expect rebound from ~$3 000–$3 100 support zone.
● Key trigger: hold support + break above ~$3 600 resistance for continuation.
● Targets: initial move toward ~$3 600-$3 800, with broader potential beyond thereafter given upgrade tailwinds.
● Risk: if support fails (~$3 000), downside opens.
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