ETHUSDis in the parallel channel where it touches the line which is support right now therefore there can be a pull-back from that level. The next time there can come further oscillation sideways in the channel till there comes a definite direction of the trend to confirm.
ETHUSD Price Analysis: 1 D Chart
There is both support and resistance in the channel and it will be interesting in which direction it confirms the trend. RSI
is sending neutral signs with a tendency to visit higher or lower levels MACD is sending neutral signs with a tendency to provide a bullish or bearish sign.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at firstname.lastname@example.org