The ETH/USDT pair is currently in a strong downtrend with bearish indicators and patterns. The key levels to watch are the support around $2,850 and resistance around $3,100 to $3,200. If the price breaks below the support level with high volume, it could indicate further downside. Conversely, a bounce from the support level could lead to a short-term rally towards the resistance zone.
Trade closed: target reached
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Disclaimer
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.