ETH/USD (Ethereum) is trading around $2,673, rebounding after hitting the lower band of the uptrend channel formed since September 15 and showing a positive signal. We believe it could continue its rise in the coming days and may reach the $2,810 area again.

Ethereum reached strong resistance at around the 2/8 Murray level. From this high, we've seen a technical correction. We expect Ethereum to recover in the coming days as it has reached strong support around $2,630. Above this zone, we could expect it to continue rising until it returns to the $2,800 highs.

If Ethereum falls below the 1/8 Murray level and consolidates below $2,600, we could expect the downtrend to continue to the 8/8 Murray level around the psychological $2,500 mark. The instrument could eventually reach the 200 EMA around $2,450.

Our outlook is bullish for the coming hours, so we will look for opportunities to buy above $2,650, with targets at $2,700 and $2,770.

If the price reaches the +2/8 Murray level again around $2,812 in the coming days, this could be considered an opportunity to take short positions, as the Eagle indicator is also showing signs of overbought conditions from a technical perspective.