Hello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1211, if the support breaks down, the next support is $ 1170 and $ 1137.
Now let's move from the resistance line as you can see the first resistance is $ 1225, if you can break it the next resistance will be $ 1235, $ 1245, $ 1259 and $ 1277.
Looking at the CHOP indicator, we can see that in the 4-hour interval we are recovering energy, while the MACD indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1211, if the support breaks down, the next support is $ 1170 and $ 1137.
Now let's move from the resistance line as you can see the first resistance is $ 1225, if you can break it the next resistance will be $ 1235, $ 1245, $ 1259 and $ 1277.
Looking at the CHOP indicator, we can see that in the 4-hour interval we are recovering energy, while the MACD indicator shows a local downward trend.