ETHUSDT ! Down out of range. Continue to fall after a rollback

Jun 11, 2022

ETHUSDT continues to fall. False breakouts of support ranges or channels do not give much result, except for growth to the nearest resistance. At the moment, most likely there is no buyer and sellers continue to put pressure on the market.

Yesterday, Ethereum breaks through the support of the 1940-1706 range and consolidates below the level, but the support of the descending channel passes from below.

I assume a small rollback to the previously broken border of the range and a fall down the trend. The short term target I'm interested in is at the 1536 global support level and the medium term target is the 1438 liquidity zone.

Sincerely, R. Linda!