ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 3348.720000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 3546.660000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3405.75 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 3546.660000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3546.660000000 |
| Current Price | 3439.370000000 |
| Next Low | 3348.720000000 |
| 2nd Low | 3300.010000000 |
| 3rd Low | 3281.400000000 |