Ethereum is moving in the descending channel and is near its lower boundary.
The attempt to break through the channel was actively bought back.
The price has fallen into the liquidity zone.
Below the current price is an important level at $1 000.
ETH has tested the 50MA on the 30m Timeframe twice recently.
The number of LONG positions has increased sharply.
I expect that the price can again test the border of the channel and even reach $1 000, but after fixing in the channel I expect a rebound.
The attempt to break through the channel was actively bought back.
The price has fallen into the liquidity zone.
Below the current price is an important level at $1 000.
ETH has tested the 50MA on the 30m Timeframe twice recently.
The number of LONG positions has increased sharply.
I expect that the price can again test the border of the channel and even reach $1 000, but after fixing in the channel I expect a rebound.
