ETH/USD is forming a short-term ascending channel on the 15-minute chart after a strong rebound from the 2510 level. As long as price remains inside this channel, a move toward 2604 and possibly 2657 is likely. A break below 2510 would weaken this bullish momentum and could trigger a new wave of selling.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.