ETHUSDT perfectly played out my previous trading idea. Price appears to be losing traction after tagging the upper resistance band near 3,500, where price was firmly rejected along the rising red trendline. The push into this zone followed an extended recovery from the lows, but the rejection candle and subsequent slowdown suggest buyers may be running out of strength. Structure still leans corrective, with the recent rally resembling a mean reversion rather than a fresh expansion phase.If price fails to reclaim the 3,225–3,250 area and sellers remain active below that former support, Ethereum could unwind toward the ascending base around 2,900, where the higher-low structure and long-term support intersect. That region may attract bids again, but only after a deeper reset plays out.
➡️ Primary scenario: rejection below 3,250 → pullback toward 2,900.
⚠️ Risk scenario: a decisive hold above 3,300 may neutralize downside pressure and reopen the path toward 3,500.
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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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
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t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.