ETH/USDT – 4H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A descent down to the next support line at 3252.000000000 is expected.
Caution: A possible change in the direction of the resistance zone at 3546.660000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 3266.03948 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 3546.660000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3546.660000000 |
| Current Price | 3541.080000000 |
| Next Low | 3252.000000000 |
| 2nd Low | 3029.410000000 |
| 3rd Low | 3014.500000000 |