Hello, community members welcome to another ETH/USDT chart update.
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As we can see from the above-mentioned chart that another low has been printed by ETH.
ETH is been in consolidation mode for the last 218 days in a falling expanding channel.
ETH currently trading on a lower trend line support, a quick bounce is likely in upcoming days towards the price level of $1800. This will be a relief for bulls for short time.
Let’s see how ETH performs in the upcoming days.
Candle close below the lower trend line support will lead ETH to print its new low which can be $750.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.