After a strong bullish rally, ETHUSDT may be ready for a short-term correction. The price has broken a key structure and is now trading well above previous resistance.
I'm expecting a potential pullback into the Fair Value Gap (FVG) area around $3,200, which also aligns with a retest of the previous resistance now turned support. If this level holds, it could act as a springboard for the next bullish leg, possibly targeting the $4,000+ region.
This setup follows a typical market behavior where price fills imbalance zones before resuming its trend.
Key levels:
Support zone: $3,200 – $3,300
Bullish continuation target: $4,000 – $4,400
Let’s see how price reacts at the FVG zone. Patience and discipline are key.
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