ETH has fallen below the 1st support line as indicated and closed below in the 1HR timeframe. It will be probably be testing the 2nd support line within the next hour. If it tests and recovers we could be starting to look for a new uptrend, if it falls below and stays below at the 1HR candle close we could see it testing the lower part of the channel. In general though, ETH is obviously in an uptrend so don't panic sell and HODL.
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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.