Hello everyone, let's take a look at the etirum versus the dollar chart over the four hour time frame. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is one thousand five hundred and two dollars, if the support is broken, the next support is one thousand four hundred and forty-one dollars, one thousand three hundred ninety-five dollars and one thousand three hundred and forty-six dollars.
Now let's move to the resistance line, as you can see, the first resistance is one thousand five hundred and sixty dollars, if you can break it, the next resistance will be one thousand six hundred sixty-one dollars and one thousand seven hundred and ninety dollars.
Looking at the CHOP index, we can see that in the four-hour interval, the energy slowly begins to rise, and the makdi indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is one thousand five hundred and two dollars, if the support is broken, the next support is one thousand four hundred and forty-one dollars, one thousand three hundred ninety-five dollars and one thousand three hundred and forty-six dollars.
Now let's move to the resistance line, as you can see, the first resistance is one thousand five hundred and sixty dollars, if you can break it, the next resistance will be one thousand six hundred sixty-one dollars and one thousand seven hundred and ninety dollars.
Looking at the CHOP index, we can see that in the four-hour interval, the energy slowly begins to rise, and the makdi indicator shows a local downward trend.