The ETH/USDT chart is currently showing a classic correction phase that follows a strong bullish expansion. Ethereum has recently moved aggressively towards the 3,300–3,400 zone, where strong selling pressure was observed. After this rejection, the price gave a sharp pullback that reached the important psychological level of 3,000–3,100.
According to market structure, this move does not seem like a significant trend reversal but rather a healthy retracement. Strong uptrends often provide sharp corrections to remove weak hands, allowing for a base to be established for the next leg. The quick stabilization of ETH after the drop is a signal that buyers are still present in the market and are defending the demand zones.
Volume behavior also clarifies this setup. A volume spike accompanying a sharp red candle often indicates panic selling or stop-loss hunting. However, after that, a decrease in selling pressure and the formation of sideways candles may signal possible accumulation, rather than continuous distribution.
From a technical perspective, the area of 3,000–3,050 has now become a crucial support zone. As long as Ethereum holds above this region, the broader bullish structure remains intact. If a strong hold and gradual recovery occur here, ETH could retest the resistance zone of 3,200–3,300. However, if the support breaks, deeper consolidation could follow.
Overall, Ethereum currently appears to be in a reset phase that naturally follows an explosive rally. Such moments create a clear difference between emotional traders and patient traders. Smart traders always keep an eye on key levels, wait for confirmation, and properly manage risk—because when Ethereum moves, it doesn't slow down.
