Technical Analysis for Ethereum ,ETH USDT

The Ethereum ETH chart shows the potential for short-term price consolidation within a key support level at 2920.70 and initial resistance at 3504. Current price movements indicate the formation of a possible double-bottom pattern at the support zone, signaling a bullish reversal if confirmed.

Key Levels:

Support: 2920.70 is a critical psychological and technical level. It has acted as a strong rebound point previously.

Resistance: The major long-term resistance lies at 4830.85, with intermediate resistances at 3605 and 4005.,