Daily ETH 4HChart - resistance and support
Hello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is holding at the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1843, if the support is broken then the next support is $1832, $1823 and $1813.
Now let's move on to the resistance line, as you can see the first resistance is $1849, if you manage to break it, the next resistance will be $1866, $1881 and $1895.
Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD is on the verge of returning to the local pattern trend, and the RSI is moving in the lower part of the range one closer to the center, which makes it difficult to clearly determine the direction of the price in the short term.
Let's start with the support line and as you can see the first support in the near future is $1843, if the support is broken then the next support is $1832, $1823 and $1813.
Now let's move on to the resistance line, as you can see the first resistance is $1849, if you manage to break it, the next resistance will be $1866, $1881 and $1895.
Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD is on the verge of returning to the local pattern trend, and the RSI is moving in the lower part of the range one closer to the center, which makes it difficult to clearly determine the direction of the price in the short term.