$ETH /USDT Technical Analysis
Current Price: $3,354.92
24H High: $3,497.51
24H Low: $3,339.11
24H Volume: 652,228.27 ETH
Analysis:
The $ETH /USDT pair is currently consolidating within a descending channel pattern. This pattern suggests a potential bearish breakout, indicating a downside move.
Trade Ideas:
Short Trade:
* Entry: Below $3,339.11 (24H Low)
* Target: $3,029.41
* Stop Loss: Above $3,497.51 (24H High)
Leverage: 2x-3x
Market Outlook:
Given the bearish pattern and recent price action, a bearish breakout below the support level is likely. Traders should be cautious and consider short positions with proper risk management.