FX.co ★ Ethereum respects channel support.

Black lines- bullish channel

Ethereum is trading around $1,673. Price touched again the lower channel boundary it is in and is now bouncing higher. Today's low at $1,581 is important as a break below it will push price outside of the bullish channel. Ethereum continues making higher highs and higher lows. Respecting $1,581 is key for the continuation of the up trend. As long as Ethereum is trading above $1,580, we expect price to continue higher towards $1,900-$1,975.