ETH is looking very strong. 🪙
After the correction, the ETH price was strongly bought back and now it has broken the downtrend by breaking the local maximum. At this rate, ETH may consolidate above $3,800, which would mean a return to the global uptrend channel. This could happen impulsively or through a below-trend trade.
In case of a return to the ascending channel, the main target will be liquidity and imbalance near the $3980 level, and the next target will be $4,000.