Hello everyone, let’s take a look at the ETH to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the local uptrend channel

Let’s start with the designation of the support line and as you can see the first support in the near future is $ 2699, if the support breaks down, the next one is $ 2460 and $ 2157.

Now let’s move from the resistance line as you can see the first resistance is $ 2922, if you can break it the next resistance will be $ 3048 and $ 3155.

Looking at the CHOP indicator , we can see that in the 4-hour interval the ETH collected a lot of energy, while the MACD indicator indicates a potential upward trend.