💲 ETH/USDT Moment Before Declines 💲

💲 ETH/USDT Moment Before Declines

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

💲 Nearest strong resistance zone: around recent peaks.

💲 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Downtrend

📊 RSI: Uptrend

💲 Price Action: Ethereum like the rest of the key cryptocurrencies still attempted a slight upward bounce today, but in my opinion this may be the last upside attempt before the coming declines. Looking at how hard Ethereum has struggled in recent weeks, I expect a descent even to a lower support level determined by a cluster of two fibo levels.

📉 The scenario I am playing out is a continuation of the declines. 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.

🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀