Lingrid | ETHUSDT Pullback Sell Downside Extension

ETHUSDT is approaching the $3,800 resistance after testing the lower boundary of the downward channel. The market structure forms a clear lower-high sequence beneath a descending trendline, confirming the persistence of bearish pressure. As long as the price remains below $3,800 and inside the channel, bearish movement toward the $3,275–$3,100 support area remains likely. This corrective phase reflects a broader continuation of the bearish trend that began near the $4,700 resistance zone.

⚠️ Risks:

• A break above $3,800 could invalidate the bearish setup.
  
• Softer U.S. inflation data could weaken the dollar and lift crypto sentiment.
  
• Unexpected strength in Ethereum network activity may trigger a rebound rally.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!