ETHUSDT moved bullish but has failed to break the 2469.59 resistance zone which means that we could be expecting a downtrend on ETHUSDT very soon. But if it manages to break the resistance zone then the market is just going to make a pullback and continue to move bullish. So now my point of interest is where the market currently is at 2469.59 zone, once I get a pinbar or any other candlestick pattern confirmation for bearish move, I will place a sell order. And then my target will be the lower trendline because the market is obviously on bullish move so we just going to take few pips and go out of the market before it continue it bullish move.
📊QUICK FUNDAMENTAL LOOK
Ethereum price saw a steady increase after it broke the $2,350 resistance. ETH climbed above $2,400 and tested the $2,460 zone. A high was formed near $2,463 and the price is now consolidating gains, while Bitcoin extended its increase above the $45,000 level. Ether is trading above the 23.6% Fib retracement level of the recent wave from the $2,352 swing low to the $2,463 high. There is also a major bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD.
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