Hello dear friends, another trading week has ended. Recap the past week's trades with me and discuss our new strategy!
As I mentioned in last week's analysis, ETHUSDT is currently in a corrective recovery phase, receiving support at $3200. However, overcoming the 3500 resistance seems challenging and remains the target.
Currently, ETHUSDT has paused at 3224$ and there are no signs of a reversal trend for this pair. It seems that the downtrend has officially returned after last week's sideways movement. According to the Fibonacci tool from Trading View, after a recovery period reaching 0.72 (3330), the price has started to decline again.
I still maintain strong belief in the downtrend next week. Once the current support level is broken, nothing will stop ETHUSDT from falling further. What are your thoughts on this perspective?
If you liked this article, don't forget to leave me a like and a review!
As I mentioned in last week's analysis, ETHUSDT is currently in a corrective recovery phase, receiving support at $3200. However, overcoming the 3500 resistance seems challenging and remains the target.
Currently, ETHUSDT has paused at 3224$ and there are no signs of a reversal trend for this pair. It seems that the downtrend has officially returned after last week's sideways movement. According to the Fibonacci tool from Trading View, after a recovery period reaching 0.72 (3330), the price has started to decline again.
I still maintain strong belief in the downtrend next week. Once the current support level is broken, nothing will stop ETHUSDT from falling further. What are your thoughts on this perspective?
If you liked this article, don't forget to leave me a like and a review!
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