ETH/USD Technical Analysis - Further Sideways Trend Expected for Ethereum

ETH/USD currently moves within an ascending channel and has diverged with the Moving Average.

MACD and cRSI remain neutral and the total volume remains low which indicates that there is an overall low participation. We can expect the price action to continue its sideways drift.

In case of a bearish breakout of the current price channel , we might have another buy opportunity at the intersection of the major Support Line with the Fib 50.0/61.8 Key Levels.

Buy Zone: 1.167-1.190 USD

BASIC, PLAIN and SIMPLE.
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