Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving along a local upward trend line.
After unfolding the Fib Retracement grid, there is a very strong resistance at the level of $3,120, which stopped the increase, but the level of $3,252 will remain important.
Looking the other way, you can see support at $3,038, and then support at $2,906.
The RSI indicator and the STOCH indicator show a movement at the upper limit, which stops the growth and may result in a price recovery.
After unfolding the Fib Retracement grid, there is a very strong resistance at the level of $3,120, which stopped the increase, but the level of $3,252 will remain important.
Looking the other way, you can see support at $3,038, and then support at $2,906.
The RSI indicator and the STOCH indicator show a movement at the upper limit, which stops the growth and may result in a price recovery.