ETH analysis

Make or break it moment for ETH, parabolic run is still in place (green dotted curve) but the price is moving between a channel that could become a bearish rising wedge. If it bounces now on the bottom trend line (which also coincides with the 0.618 Fib level) 690/700 is the next target otherwise if it breaks the trend line to the downside we could easily go to test the 480 area.