$ETH /USDT shows signs of base formation after the correction.

After the sharp rejection from the resistance area of 3,170–3,180, ETH declined strongly and found strong demand near 2,870–2,900. Since then, the price has been moving sideways, indicating stability and accumulation, not weakness.

This type of structure often appears before the next directional movement. Sellers are losing momentum, and buyers are consistently defending the dips.

As long as ETH holds a level above the support area of 2,880–2,900, the bullish recovery scenario remains valid.

Trading setup (long):

Entry area: 2,900 – 2,940

Target 1: 3,020

Target 2: 3,120

Target 3: 3,250

Stop loss: 2,810

The structure is stabilizing.

Support is ongoing.

The next movement depends on a clean push above 3,000.

Trade patiently and manage risks properly$ETH

ETHUSDT

Perp

3,238

+2.04%