🕯️ ETH/USDC – “ETH defends 3,610 – bounce or deeper correction?”

Yesterday: ETH rejected near 3,694, forming a pin bar and long upper wick on the 4H chart — a sign of selling pressure. The structure resembles a rising channel with decreasing volume.

Fibonacci retracement (3,150 → 3,794):

• 38.2% = 3,610

• 50% = 3,470

• 61.8% = 3,330

Support: 3,610 / 3,470 / 3,330

Resistance: 3,700 / 3,800

Forecast:

• Bullish: Bounce from 3,610 → retest 3,700

• Bearish: Break below 3,610 → drop to 3,470 or 3,330 depending on market sentiment

📌 #ETHUSDC #EthereumAnalysis #FibonacciSupport #CandleTimes #PriceAction