5m TF. ETH is in a descending channel, but sellers are losing control. The price has reached a level of buyer interest, and a slowdown in the decline is now visible.
As long as the level of $2910–2920 remains protected, priority is given to the price returning to the middle of the channel. Next, a test of the upper boundary in the area of $3020–3050 can be expected.
Pay attention to the reaction in the area of interest and the maintenance of structure.
ETHUSDT
Perp
2,937.6
+0.26%