ETHFIUSDT → Correction to support consolidation. Rally?ETHFI / TetherUS PERPETUAL CONTRACTBINANCE:ETHFIUSDT.PRLindaETHFIUSDT is correcting after updating its local maximum to 1.9382. The breakout of the 1.6775 zone is an attempt to start distribution after a long consolidation. Will the bulls hold this zone? Bitcoin is correcting after a false breakout of resistance. Against this backdrop, the entire cryptocurrency market is declining. However, the trend is bullish and the fundamental background is positive. The end of the correction may resume growth in the market. ETHFI on the daily timeframe is trying to move into a distribution phase after 5-6 months of consolidation. The trend is upward, and after breaking through resistance, a correction to the liquidity zone of 1.6775 is forming. A false breakdown, a change in market imbalance, and consolidation above 1.6780 could increase buyer interest, which in turn could lead to growth. Resistance levels: 1.8980, 1.9382 Support levels: 1.6775, 1.5343 The chart shows two key levels - 1.6775 and 1.5343. If the bulls hold their ground above the nearest level of 1.6775, this could lead to a rebound and growth, which in turn would confirm the continuation of the distribution phase. Otherwise, the market may test the POC zone at 1.5343, and liquidity capture may in turn trigger growth. Best regards, R. Linda!