Ethereum is moving in a bullish channel and is reaching the channel top. It is possible it will break through, which is fully possible, but for those looking for a short term trading opportunity, I would wait until price reaches the channel bottom for a long position.
Note
Price blew through the channel top making a newer high.
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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.