#ETH/USDT ANALYSIS



Ethereum is currently consolidating within a rectangular channel and trading around the mid-range of the structure. The Ichimoku Cloud is acting as a resistance barrier above the current price action.

We should wait for a decisive breakout above the channel resistance or a breakdown below support to confirm the next directional move.

Keep a close eye on further price action developments for confirmation.

$ETH #GateSurpasses50MGlobalRegisteredUsers #Bitcoin’sSafeHavenAppeal
ETH-3,83%
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