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Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel -Breaking

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Ethereum’s native token, Ether (ETHIt could also see a further strong rebound as the stock’s price drops into an area that attracts buyers in recent times.

This rising trendline is triggering ETH’s price reboundsIt has been available since October 1st and forms part of a wider ascending channel range.

The ascending channel configuration is shown in the 4-hour price chart. Source: TradingView
ETH/USD 8-hour price chart featuring “swing long” setup. TradingView
ETH/USD 4-hour price chart featuring the ascending channel’s bearish breakout target. Source: Pentoshi, TradingView
Source: Ultra. Source: Ultrasound.money