Ethereum / TetherUS
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ETHUSDT Daily S/R| Price Action| Trend| Trade

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Evening Traders,

Today’s analysis – ETHUSDT – trading above a key support where further upside is probable,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- Daily S/R Resistance objective

ETHUSD’s immediate price action is trading at a key Daily S/R Support, allowing for a bullish bias.

The current volume profile is below average, an influx is highly imminent on the next move is price action is impulsive.

The upper Daily S/R is the current objective, exceeding this level increases the probability of a trend continuation.

Overall, in my opinion, ETHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.”
― Yvan Byeajee

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