ETH consumed energy for the 1D interval
Ethereum / TetherUS BINANCE:ETHUSDT
Hello everyone, let’s take a look at the ETH to USDT chart over the 1 day timeframe. As you can see, the price is moving above the local uptrend line marked in blue.
Let’s start with the support line and as you can see the first support is $ 3130, another $ 2,936 and $ 2,791.
Now let’s move to the resistance line, as you can see, the first resistance is at $ 3,396, the next resistance is around $ 3,732 and the next resistance is at $ 4,157.
Looking at the CHOP indicator , we can see that the energy was consumed in the one-day interval. On the other hand, the MACD indicator shows a blue line over the red one, which confirms the continuation of the uptrend.
