**The ETH/USDT chart structure is forming a base after the correction**
After a strong resistance from the 3.170-3.180 zone, Ethereum pulled back rapidly and found reliable support near the 2.870-2.900 zone. Since then, the price has moved sideways, indicating stability and accumulation rather than weakness.
Sellers are gradually losing momentum, while buyers consistently take profits at the support level.
If Ethereum maintains above the 2.880-2.900 support zone, the bullish recovery scenario remains in effect.
**The basis for entering a long trade:**
Entry zone: 2.900 - 2.940
Target 1: 3.020
Target 2: 3.120
Target 3: 3.250
Stop loss: 2.810
The chart is stabilizing.
Support is still in effect.
The approach to the next wave depends on a strong bounce above 3.000.
Trade cautiously and manage risk scientifically.
