$ETH /USDT

🔸 ETH has stabilized after a strong pullback from recent highs (~$3,940), finding key support in the $3,560–$3,600 zone, where technical overselling and rebound signals from oversold levels converge. The current price is around $3,650–$3,670.

🔹 If it breaks and closes several candles above $3,700–$3,720 with solid volume, it is likely to target:

🎯 $3,800–$3,850 as a short-term target.

🔄 Extended target: $4,000–$4,100, and it could project even up to $5,000 if the momentum and institutional flows continue to favor the breakout.

⚠️ Warning: There is currently selling pressure near $3,667–$3,860, with multiple recent rejections in that resistance zone. A failure to break or hold above may lead to a drop towards $3,600, and if that is broken, even to $3,500–$3,512.

✅ Should I buy back now?

The most prudent approach, if you sold near $3,660–$3,700, is to wait for a pullback towards $3,560–$3,600, assessing if that area shows technical support before re-entering long.

📌 Current recommendation:

Action Condition to do it Target Stop-loss

✅ Buy Only if it breaks and confirms above $3,700–$3,720 with good volume $3,800–$3,850 $3,650

🔁 Wait If it pulls back to $3,560–$3,600 and shows clear support $3,800–$3,850 (→ $4,000–$4,100) $3,500

🎯 Extended target: $4,000–$4,100, with the possibility of reaching $5,000 if the breakout of the consolidated range is confirmed and strong institutional flows and sustainable technical momentum accompany it.