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ETH Already Tested a Strong Psychological Price Zone

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BYBIT:ETHUSDT   ETHUSDT SPOT
ETH Already Tested a Strong Psychological Price Zone

After a long time, Ethereum Tested a Strong Psychological Price Zone located near $3000.
It can be seen that the initial price reaction is bearish and ETH reacted well.

This is raising the chances for a bigger bearish correction during the coming days.

The stochastic indicator reached the overbought zone and now it is pointing down.
It can be the time for a possible release of liquidity and it is in line with the price zone
we already defined as a possible reversal zone.

From this zone, we may see ETH moving down to 2830, 2700 and probably 2500

You may find more details in the chart!
Thank you and Good Luck!

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