ETH/USDT Short-Term Review 1HInterval

Hello everyone, let's look at the ETH to USDT chart taking into account the timeframe of one hour. As we can see, the price leaves the local downtrend line sideways.

When we unfold the trend based fib extension tool, we see that we first have a support zone from $1872 to $1859, but when the price goes lower, then the support is at $1836.

Looking the other way, we can mark a resistance zone from $1879 to $1889 where the price is struggling to break out, then we have a second zone from $1904 to $1915 and then strong resistance at $1930.

The CHOP index indicates that the energy has been used, the MACD indicates the continuation of the local downtrend, and the RSI shows a significant rebound that may change the direction of the price to an upward one.
1hrchartdailyanalysisETHethshorttermETHUSDTFundamental AnalysisTechnical Indicatorsresistance_levelsupportandresistancezonestrendanalyseTrend Analysistrendbasedfib

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