Hello, community members welcome to another ETH/USDT chart update.
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As we can see in the above-mentioned chart that ETH still trading inside the falling expanding channel pattern on a green support level.
Currently, ETH is trading at the price level of 1K and it needs to hold the $1050 level to remain bullish. Brake below this level will lead ETH again towards the price level of $900.
A bounce from this level will lead ETH towards the upper trend line and a break below above will lead ETH towards the price level of $900.
RSI currently moving at the range of 51.5% and MACD is printing a bullish cross-over.
IMO, ETH is still at a crucial price point so, if you are holding any position then be cautious and keep your SL tight to save your portfolio.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
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