Ethereum can exit from upward channel and fall to support level
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some time ago reached the 2065 resistance level, which coincided with the seller zone, but at once rebounded and fell lower than the 1955 support level and even the buyer zone. After this movement, ETH started to rise in an upward channel, where it first rose to the resistance level, breaking the 1955 level again. But then it made a downward impulse and even made a fake breakout of the support line of the channel, but soon the price back up. Next, ETH rose to the seller zone, breaking the 2065 level, and later reached the resistance line of the channel, but a few time ago it rebounded and started to decline. Price in a short time fell below the 2065 level, breaking it, and at the moment, Ethereum trades near the support line of the channel. Possibly ETH can bounce from this line and make a little movement up. After this Ethereum can start to fall to the support level, thereby exiting from the upward channel. For this case, I set up my target at the 1955 support level. Please share this idea with your friends and click Boost 🚀
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