ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 3252.000000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 3684.920000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 3468.46 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 3684.920000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3684.920000000 |
| Current Price | 3558.110000000 |
| Next Low | 3252.000000000 |
| 2nd Low | 3029.410000000 |
| 3rd Low | 3014.500000000 |