Hello, community members welcome to this ETH/USDT 2hr chart update.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see in the above e mentioned chart that ETH is currently trading indie the parole Chanel inside the triangle.
After a sharp dump of almost 7% ETH again held the lower trend line really well and bounced upwards and gained almost 5% which is an extremely well recovery till now.
Here ETH is trading on local support of BLUE MA and I am expecting a bounce towards the upper trend line resistance and break above this channel cum triangle pattern.
Break above and retest will trigger the ALT market and all ALTCOINS will be able to gain some good %.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you