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Today’s report will include:

• Updated Technical Analysis

• Other key market developments

• Market Psychology

• Trading Tools

Ethereum Swing Long Setup 📈 

In Today’s analysis -ETHUSDT- rejecting from local high -time frame resistance (Int-Daily & Psfp), if price remains below, it will increase the probability of a lower high time frame zone of support being tested.

Technical points to consider

• Int HTF Monthly Support

• Daily HTF Support

• Value Area Low Support

• .618 Fibonacci Support

• Key Swing low confluence

• Rotational Price Action

Loosing current Point of Control on the chart will increase the probability off trending lower for a test of two HTF support levels: $3,050 - $2900 region, an area that has noticeable confluence.

The support region is in technical confluence with the Value Area Low of entire range alongside .618 Fibonacci and a major technical Swing Low. There is an increased probability of a reaction here, a region that needs to hold.

Overall, from Bitcoin Insider’s perspective, ETHUSDT is a valid swing long with defined risk at around the HTF support zone, how price reacts needs to be used upon discretion/ management of the trade.

Hope this analysis helps.

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