WalterMoon

ETHEREUM - Price can make retest of resistance level and fall

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊

Recently price traded in resistance area, which coincided with $3900 level, but later ETH turned around and started to fall in channel.

In falling channel, price broke $3900 level and declined to $3440 level, after which bounced and tried to rise.

Price failed and in a short time declined to support line of channel, breaking $3440 level, which coincided with support area.

Then ETH turned around, exited from falling channel, and rose to $3440 level and also soon broke it.

But a not long time ago price fell to this level, broke it with support line, and at the moment it trades in support area.

In my mind, Ethereum can make retest of resistance level and then continue to fall to $3120

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