Today’s report will also include:

• Updated Technical Analysis

• Other key market developments

• Trading Tools

ETHUSDT Long Trade 📈 

In today’s analysis -ETHUSDT - having a local correction after a strong bullish expansion into a highb timeframe .618 fibonacci.

Technical Points to consider ✍️ 

• .618 and Daily S/R Support

• .618 and POC S/R Support

• Bullish Order Block S/R Support

• Consecutive Higher Lows

The current price action on Ethereum is very impulsive with a strong bullish expansion, this has now slowed down at the .618 Fibonacci and S/R resistance.

Confirming a rejection here will make the lower Bullish Order Block S/R the objective. Testing the region will fill in the price inefficiency, ths area is also in confluence with the .618 Fibonacci and POC S/R Support.

Overall, from Bitcoin Insider’s perspective, ETHUSDT is a valid long with defined risk, price action it to be used upon discretion/ management when lower support is tested. ✍️ 

Hope this analysis helps.

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Trading Psychology  🧠 

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