ETH/USDT 4HInterval Chart
Hello everyone, I invite you to the ETH chart on a four-hour interval. As you can see, the price broke out of the local downtrend line.
After unfolding the Fib Retracement saitka, there is a strong resistance zone from $2,359 to $2,392, which keeps the price from increasing further.
Looking the other way, there is support at $2,315, followed by a strong zone from $2,264 to $2,236.
The RSI indicator shows how the downtrend line has been broken, with room for growth. However, the STOCH indicator is at the upper limit, which temporarily limits a larger price increase.
After unfolding the Fib Retracement saitka, there is a strong resistance zone from $2,359 to $2,392, which keeps the price from increasing further.
Looking the other way, there is support at $2,315, followed by a strong zone from $2,264 to $2,236.
The RSI indicator shows how the downtrend line has been broken, with room for growth. However, the STOCH indicator is at the upper limit, which temporarily limits a larger price increase.