Ethereum / Tether

ETHUSDT 1D chart Review

113
1. Trendline (orange) - was clearly pierced down → it is a signal of weakening the growth moment.
2. Horizers of support / resistance:
• Resistance: $ 4,604 (strong), above $ 4,960.
• Support: $ 4 150 (currently tested), next $ 3,958 and $ 3,696.
3. Price - currently ~ 4 169 $, i.e. right with the support of $ 4 150.
4. Candles - a strong inheritance candle after piercing the trend → weakness signal.
5. STOCHASTIC RSI - in the sales zone (<20), which may suggest the possibility of short -term reflection.



🔹 Application:
• Short date: possible reflection from $ 4 150 thanks to the sale (technical bounce).
• average date: If level $ 4 150 breaks and the candle closes below → the road opens to $ 3,958 and even $ 3,696.
• Only a return above $ 4 272 and a retest trendline from below would give a signal of buyers.



👉 To sum up: The market is in the critical zone - support $ 4 150 decides.
• Bull: keeping the defense of this level + reflection from the sale.
• Bear: loss $ 4 150 = greater correction in the direction of $ 3 950–3 700.

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.