Welcome community members in this post, I’ll be going through with BTC /USDT weekly chart update.

Hit the like button and follow if you find this chart helpful.

As we know the whole market is continuously falling down after touching the new ATH
till now the whole market is dumped almost 62% and still moving downside.

As we can see from the above-mentioned chart, on 8th Nov 2021 ETH/USDT recorded its new ATH, which was $4868.

ETH also dumped 62% till now and still dumped and printed a low of $1800 which is lowest in the last 249 days.

ETH broke the $2200 and $1900 support levels in this weekly chart.

3 days and 10hrs left for the weekly close ETH needs to close above the lower trend line support which is the $2200 price level or the green MA which is also working as support.

If ETH is unable to recover and closes below the $2200 support level then it’s all over.

If it is unable to sustain the current support then the next support level will be $1350 which is one of the most extended support zones for ETH.

NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.

DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.

Thank you.