Hello everyone, let’s take a look at the 1D ETH to USDT Chart. As you can see, price is moving above the local uptrend line.

Let’s start with the designation of the support line and as you can see the first support in the near future is $ 3204, if the support breaks down, the next one is $ 3003 and $ 2846.

Now let’s move from the resistance line, as you can see, the first resistance is $ 3396 which the ETH is currently struggling with, if it can be broken, the next resistance will be $ 3732 and another $ 4,157.

Looking at the CHOP indicator , we can see that the energy has been used up in a 1-day interval and is only just starting to slowly increase.