ETH Testing Overbought Zone — What’s Next?

📊ETH has been overall bullish, trading inside this rising red channel for months.

After breaking above the $2,885 resistance, bulls took full control, and price is now approaching the upper red trendline — an overbought zone where we’ve seen rejections before.

As long as ETH holds above the $2,885 zone, the bulls remain in control. But since we’re near a strong resistance and the top of the channel, we’ll be waiting for a potential correction or at least a slowdown in momentum before looking for fresh entries.

📌 Key levels to watch:

Resistance: $3,400 – $3,530

Support: $2,885 – $2,755

Let’s stay patient and follow the market’s lead. 🧠

Let me know your thoughts in the comments 👇

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

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