COINBASE:ETHUSD
Price Action & Trend
Downtrend Channel: ETH has been in a descending channel (marked by red lines) but is now consolidating near the upper boundary.
Current Price Zone: Around $1,596, facing resistance at the Fibonacci 0.236 level and pivot resistance R1.
Key Levels:
Resistance Levels: $1,599 (R1), $1,706 (R2), $1,853 (R3), up to $2,374...
As you can see in the chart,
There are 3 Strong Support lines under the price, the weekly channels bottom line + MA50 at (53500$), Long term monthly trend line at ( 51500$ apx.) and the main support at 38500$ the 100&200 moving averages.
what i see , the chart is dropping down the cowards and then we could observe the main bullish trend .
as i mentioned before due...
