ETHUSDT

Good afternoon, dear traders! Ethereum has continued lateral movement since yesterday. Unlike Bitcoin, it has formed a clear level of support and resistance. At the moment, I see the following scenarios: Movement to the resistance level with penetration and subsequent fall to the resistance level and possibly lower; Movement to the resistance level without breaking through, followed by a fall to the resistance level and possibly lower.

In any case, I personally will not enter the position at this particular moment. Better to make an entrance from some level. Given that Ethereum is strongly associated with Bitcoin, for me, the short position is more acceptable.