ETH/USDT – 1H – SELL
The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 3014.790000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3331.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3014.79 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 3331.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3442.500000000 |
| Next High | 3331.000000000 |
| Current Price | 3102.850000000 |
| Next Low | 3014.790000000 |
| 2nd Low | 2990.580000000 |
| 3rd Low | 2401.300000000 |