$ETH Eth is brewing a price correction, which is a weak rebound. Everyone with short positions should remember to take profits or hedge.

Key level identification

• Strong resistance zone (Supply Zone):

• 2,986 - 3,000: This is where the EMA moving average cluster is located at the 1H level, and it is also the previous support and resistance exchange level. If the price cannot effectively stabilize above 3,000, the rebound is only regarded as a correction.

• Strong support zone (Demand Zone):

• 2,944.79: The low that was just tested. If it breaks below this level, the daily level golden cross signal may face invalidation.

• 2,850.00: The strong support defense line at the daily level.

• Liquidity vacuum (FVG):

• There is a gap left by a rapid decline between 3,020 - 3,050, which is the primary target area for the rebound.