💲 ETH/USDT Has Reached a Strong Support Zone 💲

💲 ETH/USDT Has Reached a Strong Support Zone

💲 The nearest strong support zone: around the fibo 0.5 level of the downward wave.

💲 Nearest Strong Resistance Zone: around the recent peaks.

💲 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Downtrend

📊 RSI: Downtrend

💲 Price action: Ethereum exactly as I wrote in the last post flew to the first support zone which was the target of the declines:

For now, I encourage you to watch and keep a close eye on the price of ETH because if the support zone gets pierced then we fly to the next support zone which is around $1450.

📉 The scenario I'm playing out is to watch how the ETH price will react at current levels. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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