Daily review of ETH interval 4H
Hello everyone, welcome to the chart updates of ETH in pair to USDT. As we can see, we have formed a Rounding Bottom formation, the next move depends on maintaining the current level, however, this formation is characterized by the price going up.
As we can see the first resistance has been touched and the price is struggling to hold it, the next one is at $1327 and then at $1477.
Looking backwards, we have the first support at $1289, the second at $1248, the third at $1213 and the fourth at $1182.
On the CHOP index, taking into account the one-day interval, we see that the energy is exhausted, the MACD confirms the ongoing uptrend, and the RSI is in the upper range, which may bring a small rebound.
As we can see the first resistance has been touched and the price is struggling to hold it, the next one is at $1327 and then at $1477.
Looking backwards, we have the first support at $1289, the second at $1248, the third at $1213 and the fourth at $1182.
On the CHOP index, taking into account the one-day interval, we see that the energy is exhausted, the MACD confirms the ongoing uptrend, and the RSI is in the upper range, which may bring a small rebound.
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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.