Hello everyone, let’s take a look at the ETH to USDT 1 day chart.

Let’s start by marking the downtrend line as you can see that the price is still moving below it.

Now let’s move to the support line, as you can see, the first support is around $ 2,405, above which the price is currently above, the next support is $ 2,161.

Looking the other way, it is also worth marking the points of resistance that the price has to overcome and we can see that the first resistance is at $ 2792, the next resistance is at $ 3186 and the next at $ 3509.

It is worth paying attention to the CHOP indicator , which shows that we have a lot of energy in the 1-day interval.