ETHUSDT . The situation is interesting. The cryptocurrency has been in a global downtrend for quite some time. On the chart I have highlighted two channels, a global channel and a small channel, which clearly show the location and movement of the price.
The price enters the resistance zone and is testing the strong level formed by the January 2021 correction. The price goes behind the level and starts to consolidate on it, from here several further scenarios can be formed.
The first one I stick to is selling from the level. There are a number of prerequisites that do not allow me to talk about a change from a global falling trend to a rising trend, such as - Global pre-trend, price in a channel, no trend break, no positive news, no renewal of global tops.
Two scenarios I have indicated on the chart (short and long) and also working sets that can be traded