ETH/USDT Chart Update:
2025-01-14
Category: None

ETH/USDT Chart Update:

Ethereum is trading within a descending triangle on smaller timeframes, a structure often associated with bearish continuation. However, it could also signal accumulation if support holds.

Immediate support lies between $3,100 – $3,050, where buyers are attempting to prevent further declines.
Near-term resistance aligns at $3,200, followed by the upper boundary of the descending triangle near $3,300.

A breakout above $3,300 could trigger a rally towards $3,400 – $3,500, which would invalidate the bearish structure.
A break below the $3,050 level could see ETH retesting the psychological level of $3,000 or deeper support zones.

Volume and momentum indicators should be monitored closely to confirm any breakout or breakdown. Low-volume breakouts may lack sustainability.
Wait for a decisive move beyond the triangle pattern before entering. Bullish bias above $3,300; bearish continuation below $3,050.

This update shows the short-term dynamics and important levels for ETH/USDT in the upcoming sessions.

Let me know if you’d like further assistance or adjustments!

DYOR. NFA