The price is retesting a strong resistance zone around 110,464 USDT, where heavy selling pressure previously emerged.
The likely scenario is that the price forms a Lower High pattern and then breaks the uptrend line → confirming a bearish trend.
Potential support area: 101,236 USDT, where price previously reacted.
Strategy:
Priority is to wait for sell opportunities around the 110,000–110,500 zone if a clear reversal signal appears.
Target at 101,200 USDT. Stop-loss placed above the resistance zone at 111,700 USDT.
News Supporting the Bearish Outlook:
The SEC has delayed approval of the spot Ethereum ETF, triggering negative sentiment in the crypto market.
Capital is flowing out of the market due to expectations that the Fed will maintain high interest rates for a longer period.
The likely scenario is that the price forms a Lower High pattern and then breaks the uptrend line → confirming a bearish trend.
Potential support area: 101,236 USDT, where price previously reacted.
Strategy:
Priority is to wait for sell opportunities around the 110,000–110,500 zone if a clear reversal signal appears.
Target at 101,200 USDT. Stop-loss placed above the resistance zone at 111,700 USDT.
News Supporting the Bearish Outlook:
The SEC has delayed approval of the spot Ethereum ETF, triggering negative sentiment in the crypto market.
Capital is flowing out of the market due to expectations that the Fed will maintain high interest rates for a longer period.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.