WHITEBIT Structure Analysis: ETHUSDT by KlejdiCuni – Technical Analysis – 2023-01-24 22:16:52

ETH | structural analysis

As you can see from the chart, the price is testing an important structure
The area corresponding to the FTX crash.
For now, the price is still respecting this area.

If the price stays below 1677, there is a very high probability that it will move
Down to correct these days circa 1507.
A move below 1507 will expose the price to a deeper correction.

If the price can break 1677, the next resistance and
The target area will be found near 1780. Any move above 1780 might expose the price to a possible retest of the top near 2000.

Trading scenarios are well detailed in the chart!

Thank you and good luck!

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