ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 3500.000000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 3956.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 3728 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 3956.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3956.000000000 |
| Current Price | 3785.200000000 |
| Next Low | 3500.000000000 |
| 2nd Low | 3252.000000000 |
| 3rd Low | 3029.410000000 |