ETHUSDT is in an uptrend and had a good growth in the last week.
Currently, the bullish pressure is more but, price has approached to the resistance zone (red rectangle) which is around 3600 and has pushed the price to the downside to do some downside retrace.
On the other hand, there are two support levels at 3400 (S1) and 3300 (S2).
If price doesn’t break the support levels to make lower lows, we can expect an upside breakout on the resistance zone this time and in in the case of a candle closure above this level, the next target for ETHUSDT is around 3900 - 4K
Otherwise, if price breaks S1 (3400), it can go lower to S2 (3300), and in the case of a downside breakout on S2, we expect more drop and a downtrend going to be start