Hello traders :
as usual we need to look at bigger timeframe first , so if you pull fibonacci retracement tool from start of bull market until to the top you can see ETH/USDT is in the fib golden ratio at 0.618 its very important for ETH to hold this level , also in this level price attempt to create triangle but the main trend is bearish so the pattern we have here also is a bearish one , so the best thing to do is wait for break out we considerable amount of volume. but from another point of view ETH price is at the important level so there is a chance for ETH to change the main trend (1d time frame) into the bullish
as usual we need to look at bigger timeframe first , so if you pull fibonacci retracement tool from start of bull market until to the top you can see ETH/USDT is in the fib golden ratio at 0.618 its very important for ETH to hold this level , also in this level price attempt to create triangle but the main trend is bearish so the pattern we have here also is a bearish one , so the best thing to do is wait for break out we considerable amount of volume. but from another point of view ETH price is at the important level so there is a chance for ETH to change the main trend (1d time frame) into the bullish
