ETH/USDT just delivered a textbook technical move.
The token broke below its ascending channel pattern, and guess what? Price action landed right in that $3,120–$3,130 demand zone we've been watching. Support held exactly where it should.
This kind of clean breakdown followed by a bounce at key support levels — that's the stuff technical traders live for. When price respects structure this precisely, it validates the whole analysis framework.
Seeing these setups play out reinforces why understanding chart patterns and support zones matters in crypto trading.
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WalletInspector
· 17h ago
That 3120 level was precisely targeted again. These market makers are really ruthless.
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FudVaccinator
· 17h ago
To be honest, the rebound at 3120 was a bit too perfect, which actually makes it a little suspicious.
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PaperHandSister
· 17h ago
Haha, nailed the timing again, this is exactly why I love ETH.
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DegenGambler
· 17h ago
Same old rhetoric—does $3130 support really have to collapse? I'm watching.
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SighingCashier
· 17h ago
The old trick of rebounding after a breakdown, the support at 3120 is still pretty strong.
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LiquidityHunter
· 17h ago
At 3 a.m., the liquidity depth data at $3,125 was just too attractive. The arbitrage opportunities behind this rebound shouldn't be underestimated.
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Goalkeeper
· 17h ago
Ethereum has formed a large W-bottom on the 4-hour chart. From a technical perspective, there will be a pullback, meaning there is a need for a correction. This serves as a confirmation move for the bullish pattern. Consider entering long positions in batches between 2980 and 3045, with a stop loss set at the short-term bottom of 2940.
ETH/USDT just delivered a textbook technical move.
The token broke below its ascending channel pattern, and guess what? Price action landed right in that $3,120–$3,130 demand zone we've been watching. Support held exactly where it should.
This kind of clean breakdown followed by a bounce at key support levels — that's the stuff technical traders live for. When price respects structure this precisely, it validates the whole analysis framework.
Seeing these setups play out reinforces why understanding chart patterns and support zones matters in crypto trading.