Lingrid | ETHUSDT expecting Short-Term CORRECTION for BINANCE:ETHUSDT by Lingrid

Lingrid | ETHUSDT expecting Short-Term CORRECTION

market recently dropped and tested the psychological level of 3000. It briefly broke through the previous support level but then pulled back. However, we’re not seeing any bullish momentum from this area, indicating there may be fewer buyers. As a result, the market could establish a range zone for accumulation. I think the market is likely consolidate around this support level. Since the range zone acts as both support and resistance, I expect the price to reverse and retest the 3000 level. On the daily timeframe, the price is forming an ABCD pullback, suggesting that the market may dip below the 2900 level. Looking back to the beginning of 2024, we can observe a similar pattern. My goal is support zone around 3000

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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