Ethereum / TetherUS

ETH/USDT 1HInterval Chart

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Hello everyone, I invite you to a quick review of ETH to USDT on a one-hour interval. As you can see, the price is moving above the local upward trend line.

As we can see, when the recovery begins, we first see a support zone from $2,685 to $2,664, and then support at $2,604.

Looking the other way, you can see how the price is struggling to enter the resistance zone from $2,757 to $2,803, and then it can give a strong upward impulse to around $2,934.

The RSI indicator shows a movement in the upper part of the range, similarly to the STOCH indicator, however, the movement is above the upper limit, which causes the movement to decelerate.

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