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📊 ETHUSDT – Has the Structure Been Broken, or Is This a Healthy Correction?
ETH is maintaining its upward channel structure.
After the recent sharp increase, the price has pulled back to the middle band of the channel and the ascending trend line, consolidating.
📌 The technical setup is clear:
The upward channel is still active
3.10k–3.12k region is a short-term balance zone
Upper band: 3.15k – 3.20k
Lower band / trend support: 3.00k – 3.03k
🧠 What does this mean?
Such pullbacks are usually a pause within the trend.
As long as the price stays above support, the structure is not considered broken.
⚠️ Key points to watch:
Unless there are closes below 3.00k, this movement should be interpreted more as a healthy correction rather than a decline.
📍 Summary:
Trend upward → momentum is resting → patience is needed for the direction.
More about levels than haste.
#ETH #MarketStructure #CryptoAnalysis #Gateio