ETHUSDT – Buyers Still Have the Bigger StructureEthereum / TetherUSBINANCE:ETHUSDTParadise_NoirETHUSDT is currently leaning toward a short-term BULLISH continuation, as the broader crypto market remains supported by improving risk appetite despite uncertainty around U.S. monetary policy. The recovery in major risk assets and softer Treasury yields have created a more favorable environment for crypto, although the Fed’s higher-for-longer stance remains an important risk. For now, the macro backdrop is mixed rather than strong enough to invalidate Ethereum’s recovery. On the H1 chart, ETH has pulled back after reaching the upper boundary of its rising price channel near 2,780–2,800. The decline may look aggressive in the short term, but the broader sequence of higher highs and higher lows remains intact. More importantly, previous corrections toward the lower half of this channel have repeatedly attracted buyers, making the current retracement another important test of demand. The 2,685–2,700 area stands out as the key support zone, where the psychological 2,700 level, the lower channel structure and nearby Ichimoku support come together. If buyers defend this area again, I expect ETHUSDT to recover toward 2,780–2,800 first. A clean move through that region could then open the way toward 2,850–2,880 near the upper part of the channel. As long as 2,685–2,700 holds, I see the current weakness as a pullback within the broader rising structure rather than the beginning of a confirmed bearish reversal.