Daily ETH 4HChart - resistance and support
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is 1901 , if the support is broken then the next support is $1874, 1853 and $1832.
Now let's move on to the resistance line, as you can see the first resistance is
1919
, if you break it the next resistance will be
1943
and $2016.
Looking at the CHOP indicator, we see that there is more and more energy, the MACD remains in the local downtrend, while the RSI moves in the upper range, which limits the room for further increases.
Let's start with the support line and as you can see the first support in the near future is 1901 , if the support is broken then the next support is $1874, 1853 and $1832.
Now let's move on to the resistance line, as you can see the first resistance is
1919
, if you break it the next resistance will be
1943
and $2016. Looking at the CHOP indicator, we see that there is more and more energy, the MACD remains in the local downtrend, while the RSI moves in the upper range, which limits the room for further increases.