ETHUSDT is operating well in its upward channel. It is currently trading at a high of $3619, after hitting $3680, marking a 0.91% gain on the day.
In the short term, ETHUSDT will likely still struggle from the $3650 resistance level. However, the technical outlook remains bullish and somewhat reinforces the continued upward trend.
I expect, ETHUSDT will retrace to test the ascending channel of the rising triangle with strong support from the 3500 USD area. A break below this level will result in a significant price decline while a sustainment will result in an increase in price. It is expected that the price will recover after this correction, my target is 3900 USD.
Trade active
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Trade active
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Trade closed: target reached
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Set a temporary sales target. Currently, prices are increasing as expected. Good strategy, thanks for following