⚪️ $ETH

ETHUSDT

Perp

3,051.84

+0.36%

We are currently observing a local recovery in Ethereum. If the price cannot break above $2,852, there is a high probability that a reversal will form here, and we will continue to move down towards the remaining liquidity — that is $2,700 and the extreme minimum at $2,622.

But if Ethereum manages to break through $2,852, then we could see the closure of four-hour imbalances up to $2,950, after which the price may again reverse downwards, as the primary target according to the trend remains below for now.

Overall, I consider the current recovery to be temporary, and so far I do not see clear grounds to expect a full reversal upwards.