ETH/USD is trading within a broad ascending channel on the 4H timeframe. The price has recently rebounded from the lower boundary of the channel around 2435.63 and is now attempting a recovery. If this rebound holds, the next bullish targets lie at 2604 and 2657. A break below 2430 would invalidate the bullish setup and could lead to deeper downside pressure.
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.
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.