ETH/USDT 1HInterval Chart
Hello everyone, let's look at the 1Hinterval, ETH to USDT chart as we can see that the price has started to move in the local downtrend channel.
Let's start by determining the support for the near future that we can take into account and here you can see how the price remains at the support zone from $3,647 to $3,539, then the level of $3,392 is visible, and then strong support at the level of $3,197.
Now let's move on to the goals that the price must face in the event of renewed increases and here resistance levels are visible:
TP1 - $3767
TP2 - $3,891
TP3 - $4091
Looking at the RSI indicators and the STOCH indicator, it can be seen that increases in the indicator result in small upward movements, while recoveries result in larger price drops, which should still result in a price correction.
Let's start by determining the support for the near future that we can take into account and here you can see how the price remains at the support zone from $3,647 to $3,539, then the level of $3,392 is visible, and then strong support at the level of $3,197.
Now let's move on to the goals that the price must face in the event of renewed increases and here resistance levels are visible:
TP1 - $3767
TP2 - $3,891
TP3 - $4091
Looking at the RSI indicators and the STOCH indicator, it can be seen that increases in the indicator result in small upward movements, while recoveries result in larger price drops, which should still result in a price correction.
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