Hello everyone, let's take a look at the ETH to USDT chart in 4 hours. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1,545, if the support collapses, the next support is $ 1,520, $ 1,497 and $ 1,463.
Now let's move from the resistance line as the first resistance is $ 1,577, if you manage to break it, the next resistance will be $ 1,605, $ 1,629 and $ 1,653.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, and the MACD 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 $ 1,545, if the support collapses, the next support is $ 1,520, $ 1,497 and $ 1,463.
Now let's move from the resistance line as the first resistance is $ 1,577, if you manage to break it, the next resistance will be $ 1,605, $ 1,629 and $ 1,653.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, and the MACD indicator shows a local downward trend.