Hello, traders welcome to another ETH/USDT 30MIN chart update.
As we can observe from the above-mentioned chart that ETH performed extremely well and recovered.
In this 30m min chart, ETH is trading on a mid-trend line of a parallel channel. Here ETH needs to hold this dotted mid-trend line to gain some more % and trade above.
Here ETH also getting the support of blue MA.
Candle close below the mid trend line will lead ETH again towards the price level of $1800.
As BTC also recovering here, I am expecting a break above this channel pattern to get into a bullish mode.
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.
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.