Currently, the price of ETHUSDT is in a consolidation phase, which means that it is trading in a narrow range, moving sideways without a clear trend. This consolidation phase is occurring above the Demand Zone, which is a price level where there is significant buying pressure from traders and investors.
Traders who follow Plancton's Rules, are anticipating the arrival of new liquidity, which could potentially push the price of ETHUSDT higher. However, before that happens, there could be a pullback in the price, which means a temporary decline before the upward trend continues. According to Plancton's Rules, the next potential pullback zone for ETHUSDT could be around 1640. ––––– Follow the Shrimp 🦐
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