The asset is currently in a correction phase after a previous impulsive increase. The current chart structure allows for the possibility of a short technical rebound before the development of the main downward phase.📍 The nearest potential local retracement zone: ➕ $2 250This level may serve as: an intermediate equilibrium zone; a partial profit-taking area; a point of reactivation for sellers. After a possible move to $2 250, the baseline scenario involves continuing the correction.🎯 The next significant downside target: 🔽 $1 530In this zone, it is likely: increased interest from buyers; the emergence of demand reactions; the formation of a foundation for potential stabilization. Macro factorAdditional turbulence may be caused by the macroeconomic environment. ⚡️ On Friday, data on unemployment in the USA is scheduled to be released — one of the key indicators of the economy’s condition, which the Federal Reserve considers when setting interest rates. 📊 Possible market reactions:Strong data: support a hawkish Fed stance; increase pressure on risk assets.Weak data: raise expectations of monetary policy easing; may support the market and provoke short-term growth. In anticipation of the statistics, possible:sharp impulsive movements; increased volatility; false breakouts of key levels.🕯 Baseline scenario: a short retracement to $2 250 with further continuation of the correction towards $1 530. The further dynamics will largely depend on the market’s reaction to macro data and changes in expectations regarding Fed policy.#DeepCreationCamp
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$ETH /USDT, 1D timeframe
The asset is currently in a correction phase after a previous impulsive increase. The current chart structure allows for the possibility of a short technical rebound before the development of the main downward phase.📍 The nearest potential local retracement zone:
➕ $2 250This level may serve as: an intermediate equilibrium zone; a partial profit-taking area; a point of reactivation for sellers. After a possible move to $2 250, the baseline scenario involves continuing the correction.🎯 The next significant downside target:
🔽 $1 530In this zone, it is likely: increased interest from buyers; the emergence of demand reactions; the formation of a foundation for potential stabilization. Macro factorAdditional turbulence may be caused by the macroeconomic environment.
⚡️ On Friday, data on unemployment in the USA is scheduled to be released — one of the key indicators of the economy’s condition, which the Federal Reserve considers when setting interest rates.
📊 Possible market reactions:Strong data: support a hawkish Fed stance; increase pressure on risk assets.Weak data: raise expectations of monetary policy easing; may support the market and provoke short-term growth. In anticipation of the statistics, possible:sharp impulsive movements; increased volatility; false breakouts of key levels.🕯 Baseline scenario: a short retracement to $2 250 with further continuation of the correction towards $1 530. The further dynamics will largely depend on the market’s reaction to macro data and changes in expectations regarding Fed policy.#DeepCreationCamp