Daily ETH 4HChart - resistance and support

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Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving in the local uptrend channel.

Let's start with the support line and as you can see the first support in the near future is $1903, if the support is broken then the next support is $1878, the third is $1858 and then we have a strong support zone from $1838 to $1809.

Now let's move on to the resistance line, as you can see the first resistance is $1954, if you break it the next resistance will be $1992, $2022 and $2052.

Looking at the CHOP indicator, we see that the energy on the short interval has been used up, the MACD indicates a local uptrend, while the RSI has crossed the upper limit, which may give the price a rebound.

Feragatname

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