ETH maintains the local uptrend line
Hi everyone,
let's take a look at the ETH to USDT Chart over the 4 hour timeframe.
Let's start by marking the local uptrend line in blue, as you can see the price bounced off it. It is worth observing the direction in which we will go in the coming days.
The first support is at $ 2,848, while the next support is around $ 2,726.
Currently, the price is just below the first resistance at $ 2959. If you manage to break it, the next resistance will appear at $ 3022.
It is worth observing the entire market and the behavior of Bitcoin, which has a huge impact on the cryptocurrency market.
let's take a look at the ETH to USDT Chart over the 4 hour timeframe.
Let's start by marking the local uptrend line in blue, as you can see the price bounced off it. It is worth observing the direction in which we will go in the coming days.
The first support is at $ 2,848, while the next support is around $ 2,726.
Currently, the price is just below the first resistance at $ 2959. If you manage to break it, the next resistance will appear at $ 3022.
It is worth observing the entire market and the behavior of Bitcoin, which has a huge impact on the cryptocurrency market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.