🔷 Looking at #ETH globally

On the daily timeframe we see a strong correction of the last months. At the same time, it is all within the "descending price channel" 📉.

The price did not go beyond this formation in mid-December, so its boundaries are also the boundaries of the correction. There are also mirror levels of ~$1,790, ~$2,100 and ~$2,550.

Along with the market recovery, the second cryptocurrency also went up. It hit the mirror level of ~$1,790 and the upper boundary of the channel below 🪙. We saw a similar situation on Bitcoin. Only there was the upper boundary of another pattern and two EMAs.

Now the second cryptocurrency is "crossing the Rubicon" similarly to the first. With a high probability, everything will go positively for the bulls 🐂

👑 #ETH