🔥 Ethereum Short-Term Bullish Channel: Things Look Good

5 May 2023

ETH has been trading inside this bullish channel for a couple of day now, helped by the regional banking sector taking big losses.

For now, I'm looking at a continuation of the pattern with 1940 as the first target.

With some help from the stock market we can break out on the bullish side later today. Keep in mind that we're just a couple of days after the FOMC interest rate decision, so things can get volatile.

A bearish break out would definitely be cause for short-term concern, think 1810.

5 May 2023

Not

✅ Target hit