ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 3050.010000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 3145.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 3042.93 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 3145.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3224.940000000 |
| 2nd High | 3150.000000000 |
| Next High | 3145.000000000 |
| Current Price | 3064.010000000 |
| Next Low | 3050.010000000 |
| 2nd Low | 3042.930000000 |
| 3rd Low | 3034.990000000 |