11.11.202123:16 Forex Analysis & Reviews: Ethereum continues to trade inside bullish channel.

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Ethereum made a pull back towards $4,465 but price respected the channel boundaries. A new upward has followed and as long as price is above yesterday's lows, bulls remain in charge of the trend and are expected to push price to new highs.

Blue lines - bullish channel

Ethereum continues to trade inside the upward sloping blue channel. The lower channel boundary continues to be respected. Price continues making higher highs and higher lows. Support is at yesterday's low around $4,450. Holding above this level is key for the bullish trend. The RSI continues to provide bearish divergence signals. Traders need to be cautious.

Alexandros Yfantis
Analytical expert of InstaForex
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