Salaam
ETH as king of altcoins keeps well above the support line of 2340.
But there is a long way to turn bullish, ETH should make a new higher high from the last high of about 3375.
For the first step, ETH should return back to the descending channel. If it does, the nest resistance is located around 2900.
Manage the risk and do your own analysis before entering any trade.
Good luck!
ETH as king of altcoins keeps well above the support line of 2340.
But there is a long way to turn bullish, ETH should make a new higher high from the last high of about 3375.
For the first step, ETH should return back to the descending channel. If it does, the nest resistance is located around 2900.
Manage the risk and do your own analysis before entering any trade.
Good luck!
Note
The 1h chart:
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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.