ETHUSDT Faces Resistance – Is a Downtrend Coming?
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Ethereum (ETHUSDT) is trading within a **sideways channel** between **2,400 USDT** support and **2,750 USDT** resistance. After a brief recovery, ETH is struggling to break through this resistance, signaling a potential downward move. The broader crypto market and macroeconomic factors add to the uncertainty, keeping ETH volatile within this range.
Conclusion :
A break below the **2,400 USDT** support could trigger a strong downtrend, potentially sending ETH down to **2,200 USDT** or lower.
Advice for Investors/Traders :
Consider entering a **sell position** near the **2,700 USDT** resistance, targeting **2,400 USDT**. If the support breaks, hold the position with a target of **2,200 USDT**.