ETHEREUM → Correction to 2900 before growth

ETHUSDT is entering a correction after a strong breakout of resistance. At the same time, Bitcoin is falling from 123K to 116K, triggering a pullback across the entire market...



On D1, ETH is facing strong resistance and is not yet ready to break it (it lacks strength after the rally). The most likely scenario after a false breakout is a correction to support. But the main focus is on Bitcoin — will there be a correction or a reversal of the local trend? If the flagship continues its decline, the cryptocurrency market will humbly follow suit.
ETH has a nearest zone of interest at 2913, where liquidity capture could attract buyers, but I do not rule out the possibility that the correction could go much deeper before further growth, for example to 2879-2827 (support on D1).

Resistance levels: 2992, 3041
Support levels: 2913.7, 2879, 2827

Technically, consolidation against a bullish trend. Confirmed support area 2913 - 2879. As part of the correction, the market is interested in capturing liquidity. If, against the backdrop of the current correction, the bulls manage to hold their ground above the specified support, ETH may still surprise us with its growth :)

Best regards, R. Linda!