ETHUSDT Expecting Short-Term Correction

[ed]

ETHUSDT perfectly played out my previous trading idea. Price appears to be losing traction after tagging the upper resistance band near 3,500, where price was firmly rejected along the rising red trendline. The push into this zone followed an extended recovery from the lows, but the rejection candle and subsequent slowdown suggest buyers may be running out of strength. Structure still leans corrective, with the recent rally resembling a mean reversion rather than a fresh expansion phase.

If price fails to reclaim the 3,225–3,250 area and sellers remain active below that former support, Ethereum could unwind toward the ascending base around 2,900, where the higher-low structure and long-term support intersect. That region may attract bids again, but only after a deeper reset plays out.

️ Primary scenario: rejection below 3,250 → pullback toward 2,900.
️ Risk scenario: a decisive hold above 3,300 may neutralize downside pressure and reopen the path toward 3,500.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

[Abdul Khan]

Buybacks always spark debate, especially around long-term incentives.

[Nahid Hossen]

High per-capita usage highlights how essential crypto has become in Venezuela.

[Nahid Hossen]

This is a strong example of stablecoins solving real financial problems.