ETH/USDT – 1H – SELLThe combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 3281.400000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 3497.510000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 3387.0384 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 3497.510000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3497.510000000 |
| Current Price | 3462.180000000 |
| Next Low | 3281.400000000 |
| 2nd Low | 3257.540000000 |
| 3rd Low | 3029.410000000 |