Will ETH stay above the downtrend?
Looking at the ETH / USDT chart on the 4H interval, we can see that the ETH broke the downward trend line and reached the first resistance at $ 3195, unfortunately the price turned back and is currently above the downward trend line.
The previously mentioned resistance at $ 3195 is still there, the next resistance should be encountered at around $ 3512. However, we have support at the price of $ 2,835 and the next indicated on the chart.
The previously mentioned resistance at $ 3195 is still there, the next resistance should be encountered at around $ 3512. However, we have support at the price of $ 2,835 and the next indicated on the chart.
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