ETH is at an important point of price disagreement.
The chart shows the trend of ETH. I maintain my view that the price is in the upward channel, but traders need to consider various possibilities. The price is close to the 0.5 line of Fib Retracement and the trend line below the rising channel. I think it will be a very strong resistance level, but if the price breaks through the upward channel, ETH may end the adjustment stage and continue the bear market.
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.