ETHUSDT The bulls successfully held Ether's pullback at the 38.2% Fibonacci retracement level of
1,846, but they failed to clear the overhead hurdle at the 20-day EMA (1,913). If the bears strengthen their position further by pulling the price below the 50-day SMA (1,799), the ETH/USDT pair may extend its decline to the 61.8% retracement level of 1,663.Alternatively, a strong rebound off the 50-day SMA or the 50% retracement level of
1,754 may suggest solid buying at lower levels. If the pair breaks and closes above the 20-day EMA, it may tilt the advantage in favor of the bulls. The pair may then rise to 
2,000 and later to 2,200.Let me know what you think!
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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.