ETH is between rising channels.

7 Jul 2022

ETH is now between rising channels in the short and medium term. It can be seen that in Fib Retracement, the price is above the central axis, indicating that bulls have an advantage. Traders can short in the channel for a short time. The stop loss point is set at about 1,210 US dollars above the orange channel, and the take profit point is set at about 1,130 US dollars below the channel. If the price breaks through the channel, you can look up at 1,260 US dollars, which is the high resistance line before the price. You can consider shorting at 1,260 US dollars. It is recommended that traders trade on a clearer trend.