#Ethereum remains within downtrend against BTC. So USDT chart can be rather misleading. Just keep that in mind.

Pectra upgrade in two weeks is one of the most anticipated fundamental crypto events that should help ETH to recover. At least theoretically. So closer to that date ETH can start growing to price in the changes.

So we know approximate time of sell-off - May 7th. What will be the price yet hard to forecast. The least expected is re-test of developing decade VWAP around 1960. Going there won't change the trend on weekly, so it is a bearish target. For bullish targets I'd start with 2023 close at 2283.

💡 #ETH CME Day gaps: 2591-2664 / 2952-3278