The ETH/USDT pair continues to decline, approaching a key support level last tested in October 2023. Historically, similar price movements were observed in 2021, when the price dropped from the 4,300 level before rebounding from the 1,700 support zone, ultimately leading to new all-time highs.
Currently, the price has broken above a downward trendline that had served as a resistance throughout the month. Looking ahead, the market may remain in a sideways phase over the coming weeks, with a potential upward push if buying pressure emerges from the support level. The next key target is the resistance zone around 2,190
Currently, the price has broken above a downward trendline that had served as a resistance throughout the month. Looking ahead, the market may remain in a sideways phase over the coming weeks, with a potential upward push if buying pressure emerges from the support level. The next key target is the resistance zone around 2,190
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.