Ethereum / UST forum
Price broke the local support zone outlined in last week’s market update and is now following the broader macro structure from the August reviews, testing the mid-term support zone.
I am watching for the correction to be finishing around the 3740–3700 / 3430 support area, after which ETH could start building a new base for a move into new macro resistance levels beyond ATH, most likely during Q4.
Chart: tradingview.com/x/IUW9aply/
Previously:
• On consolidation from Aug market review (Aug 17): tradingview.com/x/Fu5O425Y/

Idea: Liquidity Shift Suggests Exten…
After the recent bull move, Ethereum is currently trending lower. Price action suggests that ETH may test the support zone in the $3,650 – $3,750 range. If this level holds, we could see a period of consolidation before the market decides on the next directional move. A confirmed bounce from support may set up the next leg higher, while a breakdown could open the way for deeper retracements.
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Idea: Liquidity Shift Suggests Exten…
