#ETHUSDT: Critical Moment! Breakout or Deeper Correction?

ETHUSDT.P is currently in a key consolidation zone after a significant decline in recent months. The price remains within a trading range, with major players accumulating liquidity. The question is: will ETH break out or drop further?

🔍 Key Metrics:
✔ Current Price: $2,682.81
✔ Volume: 262.98K ETH – moderate, but sellers remain active.
✔ Key POC Level: $2,729.76 – the highest volume area, where the market may decide its direction.

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🔥 What’s important right now?
📌 ETHUSDT.P is trading below the liquidity zone (POC: $2,729.76) – sellers are still in control.
📌 If the price fails to reclaim $2,729, the downtrend could accelerate.
📌 Upper range resistance – $2,835-$2,872, breaking above which could restore bullish momentum.
📌 Lower support range – $2,595-$2,522, dropping below this level will increase bearish pressure.

🔥 Key Scenarios for ETHUSDT.P
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🟢 Bullish Scenario: Reversal to the Upside
LONG #ETHUSDT from $2872.00 upon a confirmed breakout
🛡 Stop loss: $2835.00 (below the channel boundary)

✔ Holding above $2,910 strengthens the chances of a continued uptrend.
✔ If ETHUSDT.P breaks above $2,872, further upside is likely towards:
💎 TP 1: $2,893 – the next resistance.
🔥 TP 2: $2,910 – a key level where a pullback may occur.

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🔴 Bearish Scenario: Further Decline
If ETHUSDT.P drops below $2,609, selling pressure may increase:
SHORT #ETHUSDT from $2609.00 upon confirmed support breakdown.
🛡 Stop loss: $2638.00

✔ If the price reaches $2,522, a short-term bounce may occur.
💎 TP 1: $2595.00 – first support level.
🔥 TP 2: $2580.00 – deeper liquidity level.
⚡ TP 3: $2570.00 – potential bottom before a new impulse.

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A Critical Turning Point for ETHUSDT.P !
📌 ETHUSDT.P is in a zone of uncertainty, and a breakout in either direction may lead to a sharp move.
📌 Buyers must reclaim $2,729, or sellers will likely push the price lower.
📌 A break above $2,872 opens the door for upside, while a drop below $2,609 confirms further correction.

🚀 Prepare for a strong move! ETHUSDT.P is on the verge of a breakout! 🔥