🚨 #ETH/USDT 🔵 1. Break of the rising channel (blue arrow)
ETH recently broke below the mid-term rising channel’s lower trendline.
After the breakdown, price attempted a retest but failed to reclaim the channel.
This usually indicates weakening bullish momentum in the short term.
🟠 2. Orange zone: Key decision area
The price is currently sitting in a critical demand zone (3,050 – 3,100 USDT).
This zone aligns with the channel breakdown and horizontal support.
If price loses this area with a strong 4H close, the correction may deepen.
🟡 3. Yellow projected path: A valid bullish scenario
The scenario you drew in yellow is technically very reasonable:
ETH may dip slightly into the 3,050 – 3,100 zone to form a W-bottom / liquidity sweep.
From there, a rebound toward:
3,225
3,300
3,400
3,550 USDT
is realistic.
For this bullish reversal to play out:
ETH must close above 3,225 on the 4H timeframe.
BTC staying stable or slightly positive would support this move.
Key Levels to Watch
Support levels
3,100 (critical)
3,050
2,950 (major trendline support)
Resistance levels
3,225 (reversal confirmation)
3,300
3,400
3,550 (main upside target)
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