ETHUSDT: Short-Term Pullback Toward Trendline Before Potential

[nihalsari]

Hi guys!

On the current 1h chart, Ethereum shows a clear structure of recovery following a liquidity sweep marked as “Hunting happened.” This move indicates that liquidity below the previous lows has already been collected, creating a potential base for a short-term bullish correction.

Price is currently consolidating above a minor support zone (highlighted in pink), showing a possible accumulation phase. The projected path suggests a potential bullish move toward the major supply zone around $4,080–$4,180, which aligns with the descending trendline acting as dynamic resistance.

However, given the overall bearish market structure and the dominance of the descending trendline, the area around $4,100 could serve as a strong reaction zone. A rejection from this level would likely confirm continuation of the broader downtrend, with a possible retracement toward the $3,700–$3,750 area.

[kelson10]

Healthy correction so far — trendline retest could set up the next leg.

[alex10]

Buyers waiting patiently for that perfect retest entry. 🧠