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Ethereum trades on a parallel channel and now is facing the resistance of this channel. Once the breakout confirms we can expect a long moving to 312 USD, finding resistances levels around 260 USD and 290 USD.
TA factors:
1- Hash ribbons indicator turned bullish;
2- Parallel channel has a higher chance of continuing the bullish movement;
Ethereum trades on a parallel channel and now is facing the resistance of this channel. Once the breakout confirms we can expect a long moving to 312 USD, finding resistances levels around 260 USD and 290 USD.
TA factors:
1- Hash ribbons indicator turned bullish;
2- Parallel channel has a higher chance of continuing the bullish movement;