Hello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe. As you can see, the price moves in the sideways channel and locally above the 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 $ 1296, if the support breaks down, the next support is $ 1284 and $ 1275.
Now let's move to the resistance line as you can see the first resistance is $ 1,321, if you can break it the next resistance will be $ 1,339 and $ 1,357.
Looking at the CHOP indicator , we can see that in the 4-hour interval the energy is slowly increasing, and the MACD indicator indicates a local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1296, if the support breaks down, the next support is $ 1284 and $ 1275.
Now let's move to the resistance line as you can see the first resistance is $ 1,321, if you can break it the next resistance will be $ 1,339 and $ 1,357.
Looking at the CHOP indicator , we can see that in the 4-hour interval the energy is slowly increasing, and the MACD indicator indicates a local upward trend.