Greetings!
Ethereum / U.S. Dollar
The Ethereum is located in the ascending parallel channel, which is very important.
As you can see, Ethereum broke Pennant yesterday and grew rapidly, but as it approached the monthly resistance{520}, it fell. If this line breaks, the next target will be around 540.
MACD also shows Bearish divergence well.This could be a sign of falling price
chart is speaking it self!!
Resistance level : 520
Support level : around 500
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
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Have a nice day and Good luck.