Ethereum keeps trading above the upper boundary of the rising channel and our recent price prediction is justifying itself at the moment.
On the hourly chart a harmonious trading model “5-0” is being formed. As part of this pattern, Ethereum is expected to drop and test the lower boundary of the channel at $255, and then a rebound and continued growth with a target at $290.
In favor of this option, there is a rebound from the trend line on the RSI indicator. Confirmation of growth will be the breakdown of the descending line on the indicator and closing quotes above $280.
On the hourly chart a harmonious trading model “5-0” is being formed. As part of this pattern, Ethereum is expected to drop and test the lower boundary of the channel at $255, and then a rebound and continued growth with a target at $290.
In favor of this option, there is a rebound from the trend line on the RSI indicator. Confirmation of growth will be the breakdown of the descending line on the indicator and closing quotes above $280.
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