The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support line at 2252.72 will persist.
Caution: A possible counter-trend in the direction of resistance at 2423.75 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3045.78 |
| 2nd High | 2464.91 |
| Next High | 2423.75 |
| Current Price | 2319.920000000 |
| Next Low | 2252.72 |
| 2nd Low | 2175 |
| 3rd Low | 2021.5 |
2423.75 – 2464.91 – 2415.5 – 2252.72 – 2285.1 – 2175 —
2358.930000000 – 2331.090000000 —
49.816954970331 – 48.121794552674 —
– —
2423.75 – 1776859200