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Sept14

Ethereum visiting lower end of channel, what's next? If you read my previous post on ETH price action, you're already familiar with this channel. I'll leave the link here : Now, What's next? Well, the plan is the same. Ideally we want to form a local bottom here, to cement our downtrend reversal. If we succeed on this, most likely we will go back to 2k in no time. If we fail, then the pattern would invalidate and we have to start from scratch. Right now the R/R favors the bulls, of course. Let's touch base at the end of the day.
E
by the_morello

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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