Daily ETH 4HChart - resistance and support

Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving in a triangle marked with yellow lines.

Let's start with the support line and as you can see the first support on which the price is currently based is $1602, if the support is broken then the next support is $1569, $1562 and $1422.

Now let's move on to the resistance line, as you can see the first resistance is $1614, if you manage to break it, the next resistance will be $1639, $1659 and $1679.

Looking at the CHOP indicator, we see that there is some energy left for a new move, the MACD indicates a local downtrend, while the rsi is moving at the lower end of the range, which gives room for new increases.