ETH hits its major resistance and may enter its sideways channel.

Greetings to all readers of this great platform, especially to those who make active life in the great community of #ProjectHOPE, in the present opportunity I want to talk a little bit about the crypto market, but specifically about the behavior of Ethereum in the crypto market, which has really generated a great rise as well as many other tokens in the market, with which it may be in search of a side channel in a quite striking area for this token.

It is a reality that the crypto market in general, seems to have risen 1 full step, in search of a new zone, with which it is expected that with the passage of time will bring very good news for the market in general, some cryptocurrencies followed the steps of the market in general as is the case of ETH and many other token, which can be considered with a very similar pattern to BTC being who rules the market in general and gives us the way forward.

Under this perspective, when analyzing a little the behavior of ETH in the crypto market, we can appreciate how the market of this token went up a step, although it already hit its major resistance which is located at $ 1600 in the market price for ETH, we can think that it is having an adequate behavior, since it managed to touch it 4 times in 5 days and not being able to overcome it, it has to retreat in search of investment, with which very possibly confirms its lateralization of the price.

This area will most likely be located between $1400 with its lowest support and $1600 with its strongest resistance in the coming months, it can be a quite pronounced time, but it can bring the change of trend, I think this lateral channel is beginning and good things will come to the crypto market in the coming months, it is a matter of time and good decisions, so it is best to wait a while longer while the market defines its way forward.