ETH is currently moving in a downtrend channel. The usage of this type of channel is that when price touches the upper or lower rails, you can short or go long. Another usage is when the channel is broken, the channel itself will exert attraction on price. If price accelerates and breaks below the channel's lower rail, there will be good long opportunities. See the illustration for specifics. If intraday price accelerates and breaks below the lower rail down to 2075-2100, consider averaging up long positions. Currently the downtrend channel is moving very neatly, so temporarily view it as a correction trend.

ETH5,22%

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