To have an uptrend, ETH has to break out the blue channel. there is a pullback to the middle line and it seems the bearish movement is not ended. it is possible to test the bottom of the channel agian
Note
ETH hits the bottom of the channel. it is a hard situation to go back to upward trend. breaking out the channel and stabilizing below it leads to touch less prices
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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.