Hello everyone, please look at the ETH chart on a four-hour time frame. As you can see, the price remains below the local downtrend line.
After unfolding the Fib Retracement grid, you can see how the support at $2,212 held the price, and then there is strong support at $2,074.
Looking the other way, we have significant resistance at $2,375, followed by a strong zone from $2,599 to $2,715.
The RSI indicator shows a fight against the downward trend line, while the STOCH indicator still has room to try to raise the price.