ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 3559.240000000 is certain.
Caution: A possible change in the direction of the resistance zone at 3647.980000000 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 is certain. Target of the current trend is 3566.37776 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 3647.980000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3684.920000000 |
| Next High | 3647.980000000 |
| Current Price | 3589.780000000 |
| Next Low | 3559.240000000 |
| 2nd Low | 3534.280000000 |
| 3rd Low | 3529.760000000 |