$ETH is back at the parallel channel resistance. In the past, this is the same level where it usually gets rejected. But this time, we are seeing good spot buying volume in ETH. If $BTC keeps moving well, there’s a good chance ETH can go up to around $3,200.
However, it’s better not to enter a trade right now. Wait for a clear signal—either a breakout to go long or a rejection to go short.
