On the ETH/USDT chart (daily timeframe) it can be seen:
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📊 Current situation:
Price: 3574 USDT, drop -3.48% over the past day.
There was a peak: 3860 USDT, from which a decline began.
Indicators:
Parabolic SAR has started to approach from above → possible signal for a correction.
RSI (6) = 63.25 → not overbought yet, but close.
MACD is positive, but the histogram is slowing down → possible weakening of the trend.
Volumes on the latest candles are decreasing → weakening interest from buyers.
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🧠 Likely scenarios:
🔻 1. Downward correction (most likely):
Target: zones 3178 → 2793 USDT, where consolidations occurred.
Reasons:
The price went up too quickly.
RSI is high.
Decreasing volumes.
MACD is losing momentum.
🔁 2. Flat/sideways:
Possible around 3500–3700 USDT, before the next impulse.
A pause option before the movement.
🔼 3. Continuation of growth (less likely at the moment):
If the level of 3500 is held, and volumes come in — a repeat rise to 3860+ is possible.
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✅ Conclusion:
> For now, the signal is for a correction or consolidation.
Key support level: 3500–3400 USDT.
If it breaks down — it will go to 3178 and below.