ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A descent downwards to the next support at 3014.500000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3219.970000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 3014.5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 3219.970000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3442.500000000 |
| 2nd High | 3331.000000000 |
| Next High | 3219.970000000 |
| Current Price | 3065.360000000 |
| Next Low | 3014.500000000 |
| 2nd Low | 2990.580000000 |
| 3rd Low | 2401.300000000 |