ETH/USDT – 1H – SELLThe currency pair jumps from the bullish trendline downwards
A descent downwards to the next support level at 2575.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2673.410000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 2611.2496 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 2673.410000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2728.600000000 |
| 2nd High | 2684.510000000 |
| Next High | 2673.410000000 |
| Current Price | 2640.990000000 |
| Next Low | 2575.000000000 |
| 2nd Low | 2554.050000000 |
| 3rd Low | 2524.580000000 |