ETHUSDT wants to retest the previous support as new resistance
Ethereum / TetherUS BINANCE:ETHUSDT
The price got a rejection from the 3k area on the weekly resistance failed to have a breakout from the dynamic daily resistance. After the breakout of the daily support on 2800, the market retest the 4h support as new resistance on 2750$
Now the market is trying to hold the previous daily support.
We could see a pullback until the previous 4h resistance around 2750-2800$ where the price will find the Fibonacci retracement .
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
