Hello everyone, please look at the ETH chart on a four-hour time frame. As you can see, the price remains below the local downtrend line.
After unfolding the Fib Retracement grid, you can see how the support at $2,212 held the price, and then there is strong support at $2,074.
Looking the other way, we have significant resistance at $2,375, followed by a strong zone from $2,599 to $2,715.
The RSI indicator shows a fight against the downward trend line, while the STOCH indicator still has room to try to raise the price.
After unfolding the Fib Retracement grid, you can see how the support at $2,212 held the price, and then there is strong support at $2,074.
Looking the other way, we have significant resistance at $2,375, followed by a strong zone from $2,599 to $2,715.
The RSI indicator shows a fight against the downward trend line, while the STOCH indicator still has room to try to raise the price.