ETH Hits 3K Target – Rebound Likely, Correction Not Over Though

1. What Happened Since the Last Update
In my previous ETH analysis, I warned that if Ethereum loses the 3700 support zone, the probability of a drop toward 3000 becomes very high.
That scenario played out perfectly — the 3700 level failed, and price has now reached the 3K zone in recent days.

2. The Key Question Now
Is this the end of the correction, or just the first leg?

From my perspective, the overall correction is probably not finished yet. However, the 3000 area is a major support level, both technically and psychologically, so a bullish rebound from here is very likely.

3. Technical Outlook
Even inside a larger corrective structure, ETH can easily rally $230–$350, or even more, from these levels before deciding the next direction.

Key levels to monitor:

-Support: 3000 → then 2900 (preferred buy zone)
- Upside target: 3300
- Invalidation: A clean daily close below 2800 would weaken the bullish rebound scenario

4. Trading Plan
For the short term, I will look to buy preferably below 2900, targeting 3300 on the bounce.

This is not a long-term trend reversal call — it is a tactical long setup inside a broader correction.

5. Conclusion
ETH has reached the downside target discussed weeks ago. A rebound is likely from here, but the larger correction may not be over yet.
Short-term, buying dips around 2900 makes sense for a bounce toward 3300