It was mentioned in the previous post for Ethereum analysis (which can be found here) that the sideways price action which lasted over a month suggested a sideways channel whose width could be used to project a minimum expectation for price upon breakout.
Ethereum broke out below the bottom of the channel and is currently attempting consolidation with the width of the arrow hitting the target as soon as a successful close below the bottom of the channel was complete.
The bearish swing from November 9, 2018 to current date is identified in this Ethereum analysis as a bearish channel. Price level to watch is between 152.39 and 142.78 with a break above the former possibly indicating a possible termination of the current bear trend in Ethereum.
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