Daily ETH 4HChart - resistance and support
Hello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price has fallen below the local uptrend line.
Let's start with the support line and as you can see the first strong support at which the price is currently located is $1858, if the support is broken then the next support is $1840, the third at $1816 and then the fourth at $1747.
Now let's go to the resistance line, as you can see the first resistance is $1896, if you manage to break it, the next resistance will be $1921, $1941 and $1960.
It is worth noting that the price is above the EMA Cross 200, which means it will remain in an uptrend.
The CHOP index indicates that there is a lot of energy to be used, the MACD indicates a local downtrend, while the RSI has a strong rebound, so we can see an increase in the price in the coming hours.
Let's start with the support line and as you can see the first strong support at which the price is currently located is $1858, if the support is broken then the next support is $1840, the third at $1816 and then the fourth at $1747.
Now let's go to the resistance line, as you can see the first resistance is $1896, if you manage to break it, the next resistance will be $1921, $1941 and $1960.
It is worth noting that the price is above the EMA Cross 200, which means it will remain in an uptrend.
The CHOP index indicates that there is a lot of energy to be used, the MACD indicates a local downtrend, while the RSI has a strong rebound, so we can see an increase in the price in the coming hours.