Ethereum 🪙 is currently trading within a long-term channel on the… — Trader Crypto — TG.ME

#Ethereum 🪙 is currently trading within a long-term channel on the monthly timeframe, where it has shown strong reactions every time it has touched the bottom of the channel. 🔹 During the first two touches, we witnessed significant growth, but the third touch, which occurred over the past few months, resulted in the formation of six weak candles. However, these candles still provided support at the bottom of the channel. 🟡 The resistance zone between $3900 and $4850 is clearly visible. The repeated contact with this zone, totaling four touches over the past three years, indicates a strong inclination to break through this resistance. 🔹 If we see two weekly candle closes below $2300, it can be said that Ethereum's upward trend will require more time, and the medium-term trend will no longer be bullish. ⚙️ Time Frame monthly ✍️  2025 Jan 28 ❤️ Link channel