Ethereum / TetherUS
Short

Lingrid | ETHUSDT Pullback Sell Downside Extension

934
ETHUSDT is approaching the $3,800 resistance after testing the lower boundary of the downward channel. The market structure forms a clear lower-high sequence beneath a descending trendline, confirming the persistence of bearish pressure. As long as the price remains below $3,800 and inside the channel, bearish movement toward the $3,275–$3,100 support area remains likely. This corrective phase reflects a broader continuation of the bearish trend that began near the $4,700 resistance zone.

⚠️ Risks:
  • A break above $3,800 could invalidate the bearish setup.
  • Softer U.S. inflation data could weaken the dollar and lift crypto sentiment.
  • Unexpected strength in Ethereum network activity may trigger a rebound rally.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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