ETHUSDT : How should we trade ?
2024-10-21

The Ethereum price chart shows that the asset is moving within an ascending channel, which indicates a bullish trend. However, the chart also suggests that the price could face a potential pullback as it approaches the upper boundary of the channel.

Two possible scenarios are outlined:

Bearish Scenario (Red Path): The price might reject the upper trendline, leading to a correction back to the lower boundary of the channel, possibly reaching the support levels around $2,680 to $2,640.
Bullish Scenario (Blue Path): After the correction, Ethereum could find support at the lower trendline, allowing for a bounce back upwards, with the potential to resume its upward momentum.
