ETH Short-Term 1H Chart
Hello everyone, let's take a look at the ETH to USDT chart, on a one-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start by determining the support line and, as you can see, the first support is at the level of $2,092, and then it is worth defining a strong support zone from $2,005 to $1,959.
Looking the other way, there is resistance at $2,187, and then there is a resistance zone from $2,262 to $2,301.
On the RSI indicator we can see that we still have not touched the lower limit, and when we look at the STOCH indicator we will see a strong rebound which creates room for another price drop.
Let's start by determining the support line and, as you can see, the first support is at the level of $2,092, and then it is worth defining a strong support zone from $2,005 to $1,959.
Looking the other way, there is resistance at $2,187, and then there is a resistance zone from $2,262 to $2,301.
On the RSI indicator we can see that we still have not touched the lower limit, and when we look at the STOCH indicator we will see a strong rebound which creates room for another price drop.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.