ETH/USDT – Trendline Breakout Setup Forming

Ethereum is currently consolidating near the $3,550 level after a short-term pullback. Price is moving within a descending trendline acting as dynamic resistance, while the green zone around $3,510–$3,530 is providing a strong support base.
A breakout above the trendline resistance could confirm a shift in short-term momentum, potentially leading to a bullish move toward the $3,650–$3,675 target area.
Key Levels:
Support: $3,510 – $3,530
Resistance: $3,575 – $3,600 (trendline breakout zone)
Target: $3,650 – $3,675

Trading Plan:

Bullish Scenario: Wait for a confirmed breakout and retest of the trendline before entering long positions toward the target zone.

Bearish Scenario: If price rejects the trendline and breaks below support, expect a potential retest of $3,480–$3,500.
Summary:
ETH is showing signs of accumulation at support. A clean breakout above trendline resistance would likely trigger bullish continuation in the short term.