I am always looking for a decent channel to make a break out trade from. It looks as if Ethereum is in a channel atm and will either shoot for 500 or have a slow grind down back to a lower $300 region. It may get rejected here at the top of the channel and head back down to support line 1.
I am hoping for some big volume to come in today or tomorrow to push us out of this channel. Let's see...