analysis 📊Ethereum ETH-->>USDT – Daily Timeframe Analysis🚀

[100%]

 

(Shorter timeframes like 4H, 1H, 15m, scalping setups, and automated strategies are available in the premium plan — highly recommended if you want perfect entries.)

---

1. Overall Market Context

Ethereum is currently moving inside a downward correction after a strong multi-month rally. Price is trading around $3,090, sitting very close to a major demand zone that has historically produced strong reactions.

The recent structure shows lower highs and lower lows, indicating short-term bearish momentum. However, ETH is approaching a level where buyers have stepped in many times before, creating potential for a bounce or short-term reversal.

---

2. Key Supply Zones (Red)

These areas have proven to generate strong selling pressure:

🔴 4,200 – 4,400 USD

• A major higher-timeframe supply zone where ETH was rejected aggressively.

• This area capped the previous rally.

🔴 3,700 – 3,900 USD

• Significant resistance cluster.

• Several rejections and wick re-tests.

🔴 3,350 – 3,500 USD

• The most recent sell zone.

• ETH created a sharp bearish leg after tapping this area.

Interpretation:
Any retest of these zones may offer high-probability short setups unless price breaks them with strong momentum.

---

3. Key Demand Zones (Green)

These are the areas where buyers historically step in:

🟢 2,900 – 3,050 USD (current zone)

• ETH is testing this support right now.

• This level held multiple times in the past.

• A potential springboard for a corrective bounce.

🟢 2,500 – 2,650 USD

• The next major demand zone if the current support fails.

• Strong consolidation in the past.

🟢 1,800 – 2,000 USD

• Deep retracement support.

• Historically powerful accumulation zone.

Interpretation:
If ETH loses the 2,900–3,050 zone, a deeper correction into 2,600 becomes very likely.

---

4. Trend Structure & Patterns

• Price action is forming a descending structure, suggesting short-term downside continuation.

• A potential double bottom pattern may form around the $2,900 region if price retests and recovers.

• There is also a possibility of an inverse Head & Shoulders if ETH creates a right shoulder around $3,300–3,400 after bouncing.

• The chart shows a corrective downtrend, not a full macro trend reversal — the long-term trend remains bullish.

---

5. Scenarios Moving Forward

Bullish Scenario

• ETH holds the 2,900–3,050 zone.

• Breaks above the first structural resistance at 3,300.

• Targets to the upside:

  • TP1: 3,350–3,500

  • TP2: 3,700–3,900

  • TP3: 4,200 (major upside objective)

Bearish Scenario

• ETH breaks and closes below 2,900.

• Acceleration toward:

  • 2,650 (first major support)

  • 2,000 (macro support zone)

This would indicate continuation of the broader corrective trend.

---

6. What I Would Personally Trade Right Now

Option 1 — Aggressive Long (current support zone)

• Entry: 3,000 – 3,080

• Stop Loss: 2,880

• TP1: 3,300

• TP2: 3,500

• TP3: 3,900

This trade relies on defending the current demand zone.

Option 2 — Conservative Long (double-bottom confirmation)

• Enter only if ETH retests 2,900 again and prints a clear bullish reversal (long wicks, engulfing candles, etc.).

Option 3 — Short from Supply (high probability)

• Entry: 3,350 – 3,500

• SL: 3,600

• TP1: 3,150

• TP2: 3,000

• TP3: 2,650

This setup follows the current short-term trend.

---

7. Market Sentiment

• Short-term: Bearish

• Medium-term: Neutral / corrective

• Long-term: Bullish (macro trend remains intact)

---

8. Key Notes for Traders

• ETH is sitting on an important support; volatility may spike.

• Longs are possible here but must be protected with tight stop-losses.

• Shorts become attractive at the 3,350–3,500 zone where strong supply exists.

• A clear break below 2,900 flips the chart fully bearish in the short-term.

---

⚠️ Important Disclaimer

This is not financial advice.
Every position should be evaluated independently based on your own strategy and risk tolerance.