ETHUSDT.P on the 15-minute chart remains in a short-term downtrend, defined by a clear descending trendline that continues to cap price. Current price action is consolidating beneath the $3,240 resistance zone, where repeated rejections suggest sellers are still in control unless a clean breakout and retest occur above this level. Immediate support sits near $3,104; a breakdown below this shelf would likely accelerate momentum toward the broader demand zone around $2,960–$2,900. Conversely, if buyers manage to reclaim the trendline and hold above the $3,240 region, a short-term relief rally could develop, but until then the bias leans bearish within the current structure
ETHUSDT
Perp
2,984.51
-3.63%
