$ETH /USDT: Two Possible Scenarios

1. Bullish Scenario (Continuation of Growth):

Conditions:

Price breaks and consolidates above 2647 (local high).

BTC holds above 111,000–111,500 without sharp pullbacks.

Buying volume on ETH increases (visible on 15m and 1H timeframes).

MACD and EMAs on 1H and 4H maintain bullish alignment.

Target Zones:

2730–2750 — first take-profit zone.

If the overall market remains bullish, a move toward 2800+ is possible.

---

2. Bearish Scenario (Pullback or Consolidation):

Conditions:

ETH fails to break 2647 or quickly falls back below it.

BTC starts dropping below 110,500, dragging the market down.

MACD histogram on 1H/4H starts decreasing.

Declining volume or visible buyer exhaustion (watch short timeframes).

Support Zones for ETH:

2580–2540 — first potential pullback zone.

In case of deeper correction — look for support around 2480–2500.

---

Correlation Between ETH and BTC:

ETH shows a strong positive correlation with BTC (often >0.9).

BTC rally → ETH usually follows, sometimes with a slight delay.

Sharp BTC drops almost always trigger ETH corrections.

BTC consolidation gives ETH room to move independently, especially if fueled by ETH-specific catalysts (e.g., ETF news, network upgrades).