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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 (ETHIf the price of this stock falls in a zone that has a history of attracting buyers, it could experience a strong rebound.

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

A 4-hour price graph with the ascending channel arrangement. 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
Ethereum fee burn. Source: Ultrasound.money