ETH follows BTC and rebounds after correction.
Hello everyone, let's take a look at the ETH to USDT chart on the 1D time frame. 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 $ 3028, if the support breaks down, the next one is $ 2863 and $ 2697.
Now let's move from the resistance line as you can see the first resistance is $ 3187, if you can break it the next resistance will be $ 3506 and $ 3830.
Looking at the CHOP indicator, we can see that in the 1D interval, some energy has been used, but we still have a little more for the next move.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 3028, if the support breaks down, the next one is $ 2863 and $ 2697.
Now let's move from the resistance line as you can see the first resistance is $ 3187, if you can break it the next resistance will be $ 3506 and $ 3830.
Looking at the CHOP indicator, we can see that in the 1D interval, some energy has been used, but we still have a little more for the next move.