ETHUSDT UPDATE
Hello and happy Sunday, everyone! I hope you’re enjoying this wonderful weekend or what’s left of it.
Here’s an update on my latest idea: "ETHUSDT Weekly Entry Signal LONG."
This is the daily time frame, and the price is behaving as expected, retesting the previous resistance as support. This level aligns with the 0.382 FIB retracement of ETH's entire price history after hitting the 1/3 resistance.
We might see a dip below this level to retest the 200MA, which sits just beneath the FIB level. This gives us two significant support levels that could push the price higher. The downside volume isn’t particularly strong, which is a positive sign for the bulls—it indicates that bears aren’t very persistent in driving the price lower.
An ideal entry would be if the price dips below these two support levels and then reclaims them.
I’ll keep this idea updated for you and for myself.
Stay safe and enjoy the good times we’re living in right now!
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