ETH/USDT – 30M – BUYThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 3677.000000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 3946.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Current target is 3751.26014 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 3946.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4024.010000000 |
| 2nd High | 4015.580000000 |
| Next High | 3946.000000000 |
| Current Price | 3698.360000000 |
| Next Low | 3677.000000000 |
| 2nd Low | 3500.000000000 |
| 3rd Low | 3252.000000000 |