ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 3029.410000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 3159.200000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 3075.55508 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 3159.200000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3240.400000000 |
| 2nd High | 3224.940000000 |
| Next High | 3159.200000000 |
| Current Price | 3107.710000000 |
| Next Low | 3029.410000000 |
| 2nd Low | 3014.500000000 |
| 3rd Low | 2990.580000000 |