ETH Short-Term Chart 1HInterval
Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line.
After unfolding the Trend Based Fib Extension grid, we can see the price increasing towards the strong resistance zone from $2,100 to $2,124, which effectively stopped the increase, and then there is resistance at $2,155.
Looking the other way, you can see the support zone from the level of $2077 to the level of $2059, and then we have support at the level of $2009, before a larger correction.
Looking at the CHOP indicator, we can see that energy is currently being used for growth, the RSI indicator has room for the price to go higher, while the STOCH indicator approached the upper limit, which stopped the current upward movement.
After unfolding the Trend Based Fib Extension grid, we can see the price increasing towards the strong resistance zone from $2,100 to $2,124, which effectively stopped the increase, and then there is resistance at $2,155.
Looking the other way, you can see the support zone from the level of $2077 to the level of $2059, and then we have support at the level of $2009, before a larger correction.
Looking at the CHOP indicator, we can see that energy is currently being used for growth, the RSI indicator has room for the price to go higher, while the STOCH indicator approached the upper limit, which stopped the current upward movement.
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