Hello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe.
Let's start by marking the downtrend line, because you can see that the price has rebounded from it.
Now let's move to the support line, as you can see, the first support is around $ 2587 over which the price is currently hitting, the next support is $ 2403.
We are in between support and first resistance at $ 2,685, another resistance at 0.382Fib at $ 2,798 and another resistance at $ 2,897.
It is worth paying attention to the CHOP indicator, which shows that the energy in the 4H interval is exhausted.
Let's start by marking the downtrend line, because you can see that the price has rebounded from it.
Now let's move to the support line, as you can see, the first support is around $ 2587 over which the price is currently hitting, the next support is $ 2403.
We are in between support and first resistance at $ 2,685, another resistance at 0.382Fib at $ 2,798 and another resistance at $ 2,897.
It is worth paying attention to the CHOP indicator, which shows that the energy in the 4H interval is exhausted.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.