Hello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price has moved higher from the local downtrend line.
After unfolding the trend based fib extension tool, you can see how the price is struggling with the resistance at $2,413 and may then rise to the resistance at $2,503.
Looking the other way, you can see support at $2,367, followed by a support zone from $2,306 to $2,273.
There is still some room for growth on the RSI, but the STOCH indicator shows a move above the upper limit again, which may limit the upward movement.
After unfolding the trend based fib extension tool, you can see how the price is struggling with the resistance at $2,413 and may then rise to the resistance at $2,503.
Looking the other way, you can see support at $2,367, followed by a support zone from $2,306 to $2,273.
There is still some room for growth on the RSI, but the STOCH indicator shows a move above the upper limit again, which may limit the upward movement.