🔷 Looking at #ETH on a global level
In the daily time frame, we see a strong correction over the past few months. At the same time, all of this occurs within a "descending price channel" 📉.
The price did not break out of this formation in mid-December, so its limits also mark the boundaries of the correction. There are also mirror levels around ~$1,790, ~$2,100, and ~$2,550.
Along with the market recovery, the second cryptocurrency also rose. It reached the mirror level of ~$1,790 and the upper limit of the channel 🪙. We saw a similar situation in Bitcoin, only there it was the upper limit of another pattern and two EMAs.
Now, the second cryptocurrency is "crossing the Rubicon", just like the first. With high probability, everything looks positive for the bulls 🐂
