ETHUSDT Analysis by @planfomo

The analysis focuses on ETHUSDT using a 5-day timeframe. It indicates that Ethereum is currently facing significant resistance. The analyst anticipates a potential rejection at this level, preparing for a retracement to $2000. A long-term ascending resistance might not be the primary concern at the moment. Should a rejection occur, the market could form a power of three, accumulation, manipulation, and distribution pattern on the weekly timeframe. The current trading environment is seen as uncertain, not providing a clear trading edge. The speaker intends to monitor support and resistance zones. He also adds that his journey is towards a target of $4000 for ETHUSD and that he has been loading up and packing heavy. A stop-loss price cannot be derived.