$ETH just saw a long liquidation of $602K at $3009.24. This correction is healthy, allowing the market to clear excessive leverage and consolidate before the next move.

Trade Setup:

Entry Zone: $3000–$3015

Target 1: $2965

Target 2: $2935

Stop Loss: $3035

I’m watching this zone closely because it coincides with previous support from mid-December and the 0.5 Fibonacci retracement of the last rally. They’re building strength here, and if this level holds, $ETH could resume its downward pressure toward our targets. The reaction area around $3000 has historically acted as a strong pivot, making it a reliable entry zone for short-term trades.