ETHUSDT : Price increase but not stable!
Hello traders, let’s dive into the analysis of ETHUSDT together!
For today’s review, I’m focusing on the 1D chart, where the price is currently hovering around the $2,656 level.
Trend Overview:
ETHUSDT is showing signs of recovery, with nearly a 3% increase today. While the short-term trend is bullish, it’s clear that the broader, long-term downtrend hasn’t fully played out yet.
However, there’s reason to be optimistic. We could be on the verge of another upward movement as the pair gears up for the next correction, supported by the formation of two higher lows.
I expect ETH to rise again, gaining momentum from the marked support level.
Happy trading, and good luck!
For today’s review, I’m focusing on the 1D chart, where the price is currently hovering around the $2,656 level.
Trend Overview:
ETHUSDT is showing signs of recovery, with nearly a 3% increase today. While the short-term trend is bullish, it’s clear that the broader, long-term downtrend hasn’t fully played out yet.
However, there’s reason to be optimistic. We could be on the verge of another upward movement as the pair gears up for the next correction, supported by the formation of two higher lows.
I expect ETH to rise again, gaining momentum from the marked support level.
Happy trading, and good luck!
Related publications
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.