ETH/USDT – 1H – SELLThe currency pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 3844.400000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3968.470000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3920.305 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 3968.470000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4015.580000000 |
| 2nd High | 3987.410000000 |
| Next High | 3968.470000000 |
| Current Price | 3942.280000000 |
| Next Low | 3844.400000000 |
| 2nd Low | 3831.500000000 |
| 3rd Low | 3825.030000000 |