Hello, community members welcome to another ETH/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the above-mentioned chart that ETH is trading inside the parallel Chanel above the mid dotted support line.
Here ETH is likely to print some green candles towards the upside price level of $1900.
A bounce from this level will trigger ALT coins to print more green candles in lower time frame charts.
A candle that closes below the mid support will lead ETH again to the lower trend line support of this parallel channel pattern.
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 RESEARCH BEFORE MAKING ANY TRADES. Thank you.