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 has moved above that line.

Now let’s move to the support line as you can see the first support is around $ 2,860, however if the current support is broken the next support is $ 2,719, $ 2,599 and $ 2,404.

Looking the other way, it’s also worth highlighting the resistance points that price has to overcome and we can see that the first resistance is $ 3,077, the next resistance is $ 3,288, and the next is $ 3,902.

It’s worth paying attention to the CHOP indicator , which shows that despite the last move we still have some energy.