ETH/USDT – 30M – BUYThe pair jumps from the ascending trendline down.
A descending movement downwards to the next support level at 2462.060000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 2560.750000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 2609.74 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 2560.750000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2684.790000000 |
| 2nd High | 2644.100000000 |
| Next High | 2560.750000000 |
| Current Price | 2531.630000000 |
| Next Low | 2462.060000000 |
| 2nd Low | 2450.000000000 |
| 3rd Low | 2443.390000000 |