ETH/USDT 4H chart
Hello everyone, I would like to invite you to a quick review of ETH/USDT, taking into account the 4-hour interval. As you can see, the price, despite the nice rebound, still remains below the downward trend line.
Moving on, we will move on to determining support and here the price is currently bouncing off the support at $2,427, then we have strong support at $2,204.
Looking the other way, you can see how the resistance at $2,805 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $2,987, and further towards the very strong resistance at $3,237.
Moving on, we will move on to determining support and here the price is currently bouncing off the support at $2,427, then we have strong support at $2,204.
Looking the other way, you can see how the resistance at $2,805 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $2,987, and further towards the very strong resistance at $3,237.
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