Today’s analysis – ETHUSDT – trading at a very pivot where a bullish expansion is probable, Points to consider, - Price Action Corrective - POC Support - .618 Fibonacci Pocket Support - Daily S/R Support
ETHUSDT’s immediate price action is trading at a key support region that is in confluence with the .618 Fibonacci, POC, and the Daily S/R – allowing for a bullish bias.
The immediate objective is the Monthly S/R, exceeding this region will lead to a trend continuation
Overall, in my opinion, ETHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
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