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 is currently trading inside the parallel channel and also following the lower mid-trend line as support.
Currently, ETH is moving upside and trading just below the upper trend line.
Now, if ETH breaks above, it can trade above and move upside towards the price level of $1300.
Rejection from this level will lead ETH again towards its lowest price level which can be $900.
MACD also printed a bullish cross-over.
Let’s see how ETH performs in the upcoming hours.
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.