ETHUSDT Trend and Support/Resistance Analysis
# ETHUSDT Trend and Support/Resistance Analysis
**Disclaimer**: This analysis is not financial advice. Always conduct your own research before making any trading decisions.
We're looking at the ETHUSDT chart where trend lines have been marked, and Fibonacci Retracement has been used to identify potential support and resistance levels.
As in previous Analise we can see ETHUSDT perfectly moving in a descending trend line,
once it broke 3500 mark we will see a bullish move to 4100.
## Conclusion:
Traders should keep an eye on the $3161.00 support level; a break below this could lead to further downside towards the next support at $2639.54 (1). Conversely, if ETHUSDT can break above the descending trend line and hold above $3883.00resistance, we might see a reversal of the current downtrend.
Remember to use stop losses and risk management strategies to mitigate potential losses.
**Disclaimer**: This analysis is not financial advice. Always conduct your own research before making any trading decisions.
We're looking at the ETHUSDT chart where trend lines have been marked, and Fibonacci Retracement has been used to identify potential support and resistance levels.
As in previous Analise we can see ETHUSDT perfectly moving in a descending trend line,
once it broke 3500 mark we will see a bullish move to 4100.
## Conclusion:
Traders should keep an eye on the $3161.00 support level; a break below this could lead to further downside towards the next support at $2639.54 (1). Conversely, if ETHUSDT can break above the descending trend line and hold above $3883.00resistance, we might see a reversal of the current downtrend.
Remember to use stop losses and risk management strategies to mitigate potential losses.
