ETH/USDT 1D Interval Review

Hello everyone, let's look at the ETH to USDT chart on a single day time frame. As you can see, the price is based on the uptrend line.

After unfolding the trend based fib extension mesh, we see that the first support is at $1869, and then the second at $1825.

Now let's go from the resistance line, as you can see the first resistance is $1942, if you manage to break it, the next resistance will be $1975, $1998 and $2029.

The CHOP index indicates that there is energy for further movement, the MACD indicates the transition to a downward trend, and the RSI is rebounding to the middle of the range, which may result in a further price drop.