#Ehereum is moving into a huge channel between $2200 to $4000. Two scenarios for $ETH are as follows which can favour swing traders in this sideways market.
See if #ETH breaks the resistance around $2850-2900, wait and see if candle closes above this. It is always good to wait for a re-test to avoid fake breakout, else, upon, Breakout slowly start building position and ride the rally till the upper resistance level at around 4k.
The other path is to see if Ethereum unable to break the blueline resistance and goes for a dip, either can do a short or wait for a buy at level $2200, I feel that it should come to 2200 levels one more time because of the $BTC crashing slowly. Once #Bitcoin dominance is dropped, Eth should rally from that point.
