Relevance up to 15:00 2022-08-03 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Black lines -bullish short-term channel
Ethereum price has been making higher highs and higher lows over the last few sessions and managed to break above the short-term resistance of $1,280 and has reached as high as $1,783. Price is inside the bullish short-term channel. Price now challenging the lower channel boundary at $1,535. Holding above this level could lead Ethereum to new short-term highs closer to $1,850. Failure to hold inside the channel could bring price towards $1,300-$1.280.
Read more: https://www.instaforex.eu/forex_analysis/286996
