ETH below $ 1000
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 below the downtrend line.
Let's start with the designation of the support line and as you can see the first support that has already bounced off $ 877, if the support is broken, the next one is $ 685
Now let's move from the resistance line as the first resistance is $ 1209, if you can break it the next resistance will be $ 1,361, $ 1,486, $ 1,614 and $ 1,791.
Looking at the CHOP indicator, we can see that energy has been used for the current 1-day decline, while the MACD indicator shows that we are in a downtrend.
Let's start with the designation of the support line and as you can see the first support that has already bounced off $ 877, if the support is broken, the next one is $ 685
Now let's move from the resistance line as the first resistance is $ 1209, if you can break it the next resistance will be $ 1,361, $ 1,486, $ 1,614 and $ 1,791.
Looking at the CHOP indicator, we can see that energy has been used for the current 1-day decline, while the MACD indicator shows that we are in a downtrend.
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