As we can see on the weekly timeframe, ETH made a breakdown after which it consolidated for a while and then made a false breakdown of the zone, now showing a reversal. One can plan to take the long position at the target of the higher trendline.
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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.