ETH/USDT – 30M – SELLThe currency pair jumps from the bullish trendline downwards
The bearish trend down to the next support at 2357.590000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 2480.000000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2390.7008 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 2480.000000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2491.390000000 |
| 2nd High | 2486.000000000 |
| Next High | 2480.000000000 |
| Current Price | 2415.450000000 |
| Next Low | 2357.590000000 |
| 2nd Low | 2330.660000000 |
| 3rd Low | 2310.000000000 |