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ETH/USDT 4-hour: Structure: Uptrend followed by a correction, no breakdown
Status: Oscillating and slightly weak, not a trend short
Key support: 3050–3070 (watch for 2970 if broken)
Key resistance: 3120–3150, break above to see 3200
Trading idea:
Do not short unless 3050 is broken
Only consider short if it breaks below 3040
In a nutshell: Currently in the bulls' defensive zone, waiting for a direction choice.