ETH/USDT on the 1D chart is in a corrective downtrend but currently bouncing toward a major resistance supply zone around 3,500–3,700 USDT.
Price broke below the rising trendline and retested lower, confirming a shift from a strong uptrend to a corrective phase; the main support below is the 2,400–2,550 demand area where the last major rally started.
Above, the grey 3,500–3,700 band is a strong supply/resistance zone formed by prior consolidation and distribution before the last drop, while the top range resistance sits near 4,800.
Bull case: If bulls can push price into the grey zone and break/close decisively above it, structure improves, and ETH can target the upper range toward 4,400–4,800 again.
Bear case: Rejection from the grey zone would likely send ETH back down toward the yellow 2,400–2,550 support, and losing that opens room for a deeper slide toward the 1,400 and 1,000 higher‑timeframe supports marked below.
DYOR | NFA
Price broke below the rising trendline and retested lower, confirming a shift from a strong uptrend to a corrective phase; the main support below is the 2,400–2,550 demand area where the last major rally started.
Above, the grey 3,500–3,700 band is a strong supply/resistance zone formed by prior consolidation and distribution before the last drop, while the top range resistance sits near 4,800.
Bull case: If bulls can push price into the grey zone and break/close decisively above it, structure improves, and ETH can target the upper range toward 4,400–4,800 again.
Bear case: Rejection from the grey zone would likely send ETH back down toward the yellow 2,400–2,550 support, and losing that opens room for a deeper slide toward the 1,400 and 1,000 higher‑timeframe supports marked below.
DYOR | NFA
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.