Ethereum price chart shown in this analysis is a 1 hour time frame. Price action between ~$192.93 and $255.88 is captured using a parallel channel which shows price in a side trend.
Width of the channel as indicated by the green arrow is therefore crucial in estimating a minimum price target for Ethereum upon a successful breakout above or below the channel.
Width of the channel as indicated by the green arrow is therefore crucial in estimating a minimum price target for Ethereum upon a successful breakout above or below the channel.
