Various timeframes point to an intact uptrend for ETH/USDT with support expected to hold on dips. Weekly and daily charts signal scope for further upside momentum within the upwards channels. Near term outlook is bullish as long as support levels on lower timeframes are respected.
Weekly Timeframe
– ETH/USDT is in an overall uptrend on the weekly timeframe based on higher lows.
– There are three identified support zones between 1558.9-2403.1. Price is currently testing the middle support zone at 1936.4-2031.6.
– Key resistance is the supply zone at 3210.9-3582.2. Weekly timeframe suggests the uptrend remains intact.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone 1 | 2531.9 | 2403.1 |
Support Zone 2 | 1936.4 | 2031.6 |
Support Zone 3 | 1558.9 | 1487.2 |
Resistance Zone 1 | 3922.2 | 4013.7 |
Fibonacci Retracement Levels
0.382 | 2437.8 |
0.50 | 2373.6 |
0.618 | 2379.4 |
0.786 | 2217.7 |
0.882 | 2165.2 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 3210.9 | 3582.2 |
Daily Timeframe
– Daily chart shows price moving in an upwards channel with support around 1982.6-2497.4.
– Price recently bounced off support zone 1 at 2399.7-2497.4.
– Demand zone 1 from 2371.8-2228.7 could provide support.
– Daily timeframe signals potential for further upside within the channel.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone 1 | 2399.7 | 2497.4 |
Support Zone 2 | 2133.0 | 1982.6 |
Fibonacci Retracement Levels
0.382 | 2438.4 |
0.50 | 2374.7 |
0.618 | 2308.5 |
0.786 | 2217.6 |
0.882 | 2165.9 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2371.8 | 2228.7 |
4 Hour Timeframe
– 4h chart depicts price moving in an upwards channel.
– Demand zone 1 from 2305.3-2228.7 serves as strong support.
– Bullish fair value gap from 2305.3-2341.6 adds to support.
– Uptrend on 4h suggests further upside possible within channel.
Support/ Resistance Zone
S/R Type | High | Low |
Support Zone 1 | 2310.4 | 2340.7 |
Support Zone 2 | 2145.0 | 2176.3 |
Fibonacci Retracement Levels
0.382 | 2514.8 |
0.50 | 2459.6 |
0.618 | 2405.6 |
0.786 | 2328.1 |
0.882 | 2283.2 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2305.3 | 2228.7 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 2305.3 | 2341.6 |
1 Hour Timeframe
– 1h chart shows price may find support around demand zone 1 at 2346.6-2395.0
– Bullish fair value gap from 2489.2-2513.0 could bolster support.
– Recent dip found buyers suggesting the short term trend remains bullish.
Fibonacci Retracement Levels
0.382 | 2559.5 |
0.50 | 2518.2 |
0.618 | 2478.3 |
0.786 | 2420.6 |
0.882 | 2387.3 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2346.6 | 2395.0 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 2489.2 | 2513.0 |