#ETH Analysis
Ethereum is in a consolidation phase channel and only needs to break through the upper channel resistance to gain momentum and more upside.
Upper Channel Resistance - 3354
If 3354 is successfully broken and retested, and this channel resistance now acts as support and confirms a daily close above this level, then we can see ETH moving higher.
If it breaks out, the upper targets will be
3400
3600
4000
4500
4800
#ETHETF spot will also be launched in the coming weeks
If the ETF is approved, then ETH can rise strongly
If ETH rises strongly, it means that altcoins are also doing well. #eth二饼
Ethereum is in a consolidation phase channel and only needs to break through the upper channel resistance to gain momentum and more upside.
Upper Channel Resistance - 3354
If 3354 is successfully broken and retested, and this channel resistance now acts as support and confirms a daily close above this level, then we can see ETH moving higher.
If it breaks out, the upper targets will be
3400
3600
4000
4500
4800
#ETHETF spot will also be launched in the coming weeks
If the ETF is approved, then ETH can rise strongly
If ETH rises strongly, it means that altcoins are also doing well. #eth二饼
