ETH/USD chart shows some support at current level and might be in a pennant -lending to this rectangle theory
Note
Interesting that the bottom channel became the new resistance level. Looks like this was actually a double/triple top :(
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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.