As we can see, Ethereum was moving within a channel, but toward the end, it could only reach the midline of the channel before getting rejected.
This could be a signal for a drop toward the \$3,500 area.
Otherwise, it might be a fake move, followed by a return into the channel and a move back toward the channel’s midline.
This could be a signal for a drop toward the \$3,500 area.
Otherwise, it might be a fake move, followed by a return into the channel and a move back toward the channel’s midline.
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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.