* Ethereum in 1D time frame is moving in a Ascending channel or Rising Channel pattern
* Rising channel appears when the price moves between two parallel ascending trendlines. forming higher-highs and higher-lows.
* To continue the uptrend Ethereum needs to move within the channel.
* If the price breaks the below trendline support we can expect a drop till $4450 support and a bounce back
* Rising channel appears when the price moves between two parallel ascending trendlines. forming higher-highs and higher-lows.
* To continue the uptrend Ethereum needs to move within the channel.
* If the price breaks the below trendline support we can expect a drop till $4450 support and a bounce back
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Related publications
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.