Will ETH use energy to reverse the trend?
Hello everyone, let's take a look at the ETH to USDT 1 week chart. As you can see, the price has dropped below the uptrend channel.
Let's start with the line of support and as you can see the first support in the near future is $ 2155, then we have a fundamental support zone from $ 1856 to $ 1694.
Now let's move from the resistance line as you can see the first resistance is $ 2,811, if you can break it the next resistance will be $ 3,195 and $ 3,528.
Looking at the CHOP indicator, we can see that in the interval of 1 week, despite the correction, we have a lot of energy.
Let's start with the line of support and as you can see the first support in the near future is $ 2155, then we have a fundamental support zone from $ 1856 to $ 1694.
Now let's move from the resistance line as you can see the first resistance is $ 2,811, if you can break it the next resistance will be $ 3,195 and $ 3,528.
Looking at the CHOP indicator, we can see that in the interval of 1 week, despite the correction, we have a lot of energy.
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