#Ethereum is currently trading inside an ascending channel, indicating a broader bullish structure.
Price recently faced rejection from the upper trendline, leading to a short-term pullback.
This pullback looks like a healthy retracement, not a trend reversal yet.
The lower channel support zone is key; holding this level can fuel the next upward move.
If ETH respects support and forms bullish confirmation, a bounce toward the upper resistance is likely.
A clean breakdown below channel support would invalidate the bullish setup.
Overall bias remains bullish while inside the channel, with short-term consolidation expected
