ETH-USDT 12HInterval Chart Review

Hello everyone, let's take a look at the ETH to USDT chart on a 12-hour time frame. How can we see how the downtrend channel has been defined for us, in which we are at the lower border.

Let's start by determining the support line and here you can see how the support at $2,823 has been broken and we are currently approaching the strong support at $2,626, while when we start going further, the next support is around $2,392.

Looking the other way, there is resistance at $2,922, and then the price will again have to face the resistance zone from $3,098 to $3,225.