Hello, traders welcome you all to another chart update on ETH/USDT
If you are reading my update for the first time hit the like button and comment in the comment section if you find this analysis helpful.
As ETH was trading inside the bearish pennant for a while, it broke below and currently moving downside.
According to the current scenario, it has a support zone at the $1250 level which it needs to hold to regain above again.
The candle closes below the lower support zone will invalidate this chart analysis.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Do your research before making any trades.
Thank you.
If you are reading my update for the first time hit the like button and comment in the comment section if you find this analysis helpful.
As ETH was trading inside the bearish pennant for a while, it broke below and currently moving downside.
According to the current scenario, it has a support zone at the $1250 level which it needs to hold to regain above again.
The candle closes below the lower support zone will invalidate this chart analysis.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Do your research before making any trades.
Thank you.
