The current sentiment for ETH/USDT.p in the 15-minute timeframe is mixed, with both bullish and bearish predictions. Some analysts predict a potential upward movement, citing the formation of an ascending triangle pattern and a possible breakout above $2,747 ¹. Others are more cautious, pointing out the bearish harmonic pattern that could signal a downturn to $2,544, $2,453, and ultimately $2,353 ¹.
*Key Levels to Watch:*
- _Support Zone:_ $2,589 ¹
- _Resistance Zone:_ $2,747 ¹
- _Potential Breakout:_ $3,500 ¹
- _Potential Downturn:_ $2,544, $2,453, $2,353 ¹
*Trader Sentiment:*
- Some traders are optimistic about Ethereum's potential, citing its strong bullish channel and wave 3 out of 5 bullish scenario.
- Others are more cautious, advising to keep an eye on the support zone and potential breakdown.
Keep in mind that cryptocurrency markets are highly volatile, and sentiment can change rapidly. It's essential to stay informed and adjust your strategy accordingly.
