Thuesday 26.07.2022 pair ETH/USDT is in downtrend on weekly chart. The Pair ETH/USD has lost 8.12% just in one night and now is trading at 1415 usdt, the peak was 1660 last week. Buyers are losing the momentum to test 1900 high, and the weak of the market shows that buyers are not able to hold the 1500 usdt level. All this parameters are creating a strong bearish signal for ETHUSDT.
As the bearish momentum is rising power, we can see the the next support level is at 1261 usdt fot one ethereum.
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Not buying ETH. Wait for the level 1261 and 1000.
Small buy at 1261.