ETHUSDT currently trading sideways trying to regain white trend line which was acting as important support after Septembers 24th sell-off. If that line is recovered a bullish scenario entering a channel marked by yellow lines is possible with a high of 235.58. Bulls need to get a daily close above 191.5 to confirm this scenario. Also 200 daily MA is at 211, so this will be a short term resistance. Bearish scenario is to loose current support of 180 which is also a current point of control in 12h chart (marked by blue horizontal line). And then breaking down to Septembers 24th sell-off low of 150.
*Don't forget that no single indicator is enough to make investment or trade decisions get all the information you can. Be patient.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.