WARNING! ETH a lot of energy in the 4H interval
Hello everyone, let's take a look at the 4H ETH to USDT chart. As you can see, price is moving above the local uptrend line.
Let's start with the line of support and as you can see the first support where the price is currently at is $ 2914, if the support breaks down, the next is $ 2829 and $ 2747.
Now let's move from the resistance line as you can see the first resistance is $ 3153, if you can break it the next resistance will be $ 3313 and $ 3452.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, it is worth paying attention to the MACD indicator which shows that we are returning to the uptrend.
Let's start with the line of support and as you can see the first support where the price is currently at is $ 2914, if the support breaks down, the next is $ 2829 and $ 2747.
Now let's move from the resistance line as you can see the first resistance is $ 3153, if you can break it the next resistance will be $ 3313 and $ 3452.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, it is worth paying attention to the MACD indicator which shows that we are returning to the uptrend.