ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 3884.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 4031.380000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 3900.7676 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 4031.380000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4107.800000000 |
| Next High | 4031.380000000 |
| Current Price | 3918.400000000 |
| Next Low | 3884.000000000 |
| 2nd Low | 3844.400000000 |
| 3rd Low | 3831.500000000 |