ETH-USDT 12H
Hello everyone, let's take a look at the ETH to USDT chart on the 12h time frame. As you can see, the price broke out of the falling triangle, which resulted in a strong downward price movement.
Let's start by determining the support line, but here you can see how we are first in the support zone, but if we fall lower, the next support is at $2,823 and then we have strong support at $2,626.
Looking the other way, we have visible resistance at $3,146, then strong resistance at $3,263, and then the price must overcome the strong resistance zone from $3,441 to $3,566.
Let's start by determining the support line, but here you can see how we are first in the support zone, but if we fall lower, the next support is at $2,823 and then we have strong support at $2,626.
Looking the other way, we have visible resistance at $3,146, then strong resistance at $3,263, and then the price must overcome the strong resistance zone from $3,441 to $3,566.
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