Ethereum Price Analysis: Can ETH Finally Break Out of This Bearish Channel?
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » ETH Ethereum is trading below $2.2k as the second week of Q2 gets underway. The asset is caught between a slowly improving short-term structure and a daily chart that remains firmly in bearish territory. ETH has managed to hold above the critical $1.8k support zone since the February lows, but the recovery has been choppy and unconvincing. The macro picture on the daily chart has not materially changed over the past couple of weeks. ETH continues to trade inside a well-defined descending channel, with the 100-day MA (~$2.4k) and 200-day MA (~$2.9k) both declining overhead and forming a compressing resistance ceiling. The
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