Daily review of ETH interval 4H

Hello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving above the local uptrend line.

For the next few hours, we can designate 3 support places at the price of $ 1229, then at $ 1999 and $ 1176.

Now let's go from the resistance line, as you can see the first resistance is $1265, the next at $1283, then $1297 and $1312.

Looking at the CHOP indicator, we see that most of the energy has been used up, the MACD indicates entering a local downtrend, and the RSI is moving in the upper range, which may indicate a deeper correction.