ETH/USDT – 30M – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support at 3300.010000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 3497.510000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 3440.87708 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 3497.510000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3497.510000000 |
| Current Price | 3471.840000000 |
| Next Low | 3300.010000000 |
| 2nd Low | 3281.400000000 |
| 3rd Low | 3264.840000000 |