ETH/USDT: Short-term analysis and expectations

On the ETH chart, it is visible that the price is fluctuating within the Bollinger Bands, approaching the lower boundary. This indicates a possible completion of the correction and readiness for short-term growth.

💡 Key signals:

RSI (35): approaching the oversold zone.

MACD: a decrease in bearish pressure, which may herald a reversal upwards.

Volumes: a decrease in volumes signals a pause before the next movement.

📈 Buy signal:

If the price drops to the $3,156 zone, it may be a good entry point upon confirmation of a reversal.

💼 Additional factors:

The start of the workweek is approaching, which usually increases market activity. Additionally, Trump's inauguration (as a significant event) may introduce volatility into the market.

🌐 Overall market:

Many cryptocurrencies are showing signs of recovery. ETH may be the leader in growth, considering its key role in the DeFi ecosystem.

🚀 Community opinion:

Many traders are already noting the potential growth of ETH in the near future. ✅