ETHUSDT is trading sideways between 1260 and 1050 and the situation is quite classic when the price is trading both up and down from strong limit levels. At the moment, I see no prerequisites for the fact that the support level of 1050 can be broken down.
On the chart, we see how, after a false breakout of resistance, the price falls by 20% and tests support, I think that after capturing liquidity below 1050 (false breakout), the price may show us a small pullback.
I assume a false breakdown of the liquidity zone, a price return upwards beyond the level of 1050 and growth. Short term target is resistance at 1165.
Sincerely, R. Linda!
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+6% in moment ✅🤩
Pay attention to how clearly the price observes the boundaries of the range. False breakdown, which was confirmed by price fixing above support and a strong impulse of 6%
I think if 1000$ support level keep the price it goes up
if not we can expect a double bottom forming at least