Will ETH remain in the fundamental support zone?
Hello everyone, let's take a look at the ETH to USDT overnight chart. As you can see, the price has dropped below the uptrend line.
Let's start with the support line and as you can see, the first is the fundamental support zone from $ 1856 to $ 1694 where the price is currently at, if the support breaks down, another is $ 1472, another is $ 1.108 and $ 529.
Now let's move from the resistance line as you can see the first resistance is $ 2478, if you can break it the next resistance will be $ 2681 and $ 2903.
Looking at the CHOP indicator, we can see that the energy has been consumed in the 1-day range, while the MACD indicator shows a downward trend.
Let's start with the support line and as you can see, the first is the fundamental support zone from $ 1856 to $ 1694 where the price is currently at, if the support breaks down, another is $ 1472, another is $ 1.108 and $ 529.
Now let's move from the resistance line as you can see the first resistance is $ 2478, if you can break it the next resistance will be $ 2681 and $ 2903.
Looking at the CHOP indicator, we can see that the energy has been consumed in the 1-day range, while the MACD indicator shows a downward trend.