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Ethereum chart analysis:1 hour timeframe

Ethereum price chart shown in this analysis is a 1 hour timeframe. Price action between ~$192.93 and $255.88 is captured using a parallel channel which shows price in a side trend.

Ethereum price analysis today, Ethereum price prediction

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.

Interested in Bitcoin (BTCUSD)? Check out our previous analysis here. Moreover,  EURJPY (FX) analysis can be found here.

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