Daily ETH 4HChart - resistance and support
Hello everyone, let's look at the ETH to USDT chart looking at the time frame of four hours. As you can see, the price has fallen below the uptrend line.
Let's start with the support line and as you can see the first support in the near future is 1770 , however when the support is broken we can see the price return to around $1538.
Now let's move to the resistance line, as you can see the first significant resistance is 1981 , if you manage to break it, the next resistance will be
2096
and $2186.
Looking at the CHOP indicator, we see that there is a lot of energy on the short time frame, the MACD indicates a local uptrend, while the RSI is at the lower end of the range, which may indicate a local sideways trend and the approaching end of the correction.
Let's start with the support line and as you can see the first support in the near future is 1770 , however when the support is broken we can see the price return to around $1538.
Now let's move to the resistance line, as you can see the first significant resistance is 1981 , if you manage to break it, the next resistance will be
2096
and $2186. Looking at the CHOP indicator, we see that there is a lot of energy on the short time frame, the MACD indicates a local uptrend, while the RSI is at the lower end of the range, which may indicate a local sideways trend and the approaching end of the correction.