Will ETH use energy to reverse the trend?
Ethereum / TetherUS BINANCE:ETHUSDT
Hello everyone, let’s take a look at the ETH to USDT 1 week chart. As you can see, the price has dropped below the uptrend channel .
Let’s start with the line of support and as you can see the first support in the near future is $ 2155, then we have a fundamental support zone from $ 1856 to $ 1694.
Now let’s move from the resistance line as you can see the first resistance is $ 2,811, if you can break it the next resistance will be $ 3,195 and $ 3,528.
Looking at the CHOP indicator , we can see that in the interval of 1 week, despite the correction, we have a lot of energy.
