The pair Ethereum/Tether (ETH/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 3171.49 is certain.
Caution: A possible trend reversal in the direction of the support line at 3065.55 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3308.86 |
| 2nd High | 3301.6 |
| Next High | 3171.49 |
| Current Price | 3121.830000000 |
| Next Low | 3065.55 |
| 2nd Low | 3065.23 |
| 3rd Low | 3058.69 |
3171.49 – 3147.27 – 3104.12 – 3065.55 – 3101.48 – 3092.59 — 47.033813342875 – 50.799626801166 — 64.153710442166 – 66.024920057338 – 62.232146138861 – 63.618186496122