#ETH #Ethereum #Analysis for next hours
After breaking the S / R level, returning to the bullish triangle from the previous move, it has entered a descending channel.
According to market sentiment, we could see a breakdown of the channel to the upside until it reaches the S / R $ 630 level again.
In the case of continuing in the descending channel, it could find the dynamic support of the triangle and bounce upwards. As always, a stronger correction could occur, although we believe this is unlikely under current conditions.
The decline in the market of previous hours, we do not believe that it is a downtrend, but we feel that it is a natural correction to continue the uptrend.
According to market sentiment, we could see a breakdown of the channel to the upside until it reaches the S / R $ 630 level again.
In the case of continuing in the descending channel, it could find the dynamic support of the triangle and bounce upwards. As always, a stronger correction could occur, although we believe this is unlikely under current conditions.
The decline in the market of previous hours, we do not believe that it is a downtrend, but we feel that it is a natural correction to continue the uptrend.
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