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Ethereum 'has to bounce' as ETH bulls pin $5K rally hopes on critical support channel
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Ethereum's native token Ether (ETH) could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers.
The rising trendline has been triggering ETH's price rebounds since the beginning of October 2021 and comes as a part of a broader Ascending Channel range.
As a result, Ether's path of least resistance has been to the upside despite pullbacks at the Channel's upper trendline, with its quarter-to-date returns currently
Read more on cointelegraph.comAbout this in other media
Ethereum 'huge Cup & Handle pattern' reaffirms $6.5K ETH price target cointelegraph.com /3 years ago
Developer shares insights on ETH 2.0 and why he’s ‘feeling good about Ethereum right now’ ambcrypto.com /3 years ago
Here’s how Ethereum Classic bulls can negate an additional 30% sell-off ambcrypto.com /3 years ago
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