ETHUSDT #ETH Update #3 – July 15, 2025After its recent impulsive move, Ethereum appeared to make a slight correction. However, this correction did not complete and instead formed a second peak. Since a full correction hasn't played out yet, caution is still warranted when trading Ethereum.
The first correction level is around $2,850, the second around $2,780, and the third around $2,700. If Ethereum pulls back to the second correction level, it will balance out the second imbalance zone created during the last impulse, which could allow for a healthier continuation upward.
As long as Ethereum doesn't break down below the $2,900 zone, I do not expect a correction. But if it does break below $2,900, corrections are likely to occur one after another.
At this point, neither a long nor a short position seems suitable for Ethereum.
