Welcome to this analysis about Ethereum, we are looking at the 45-minute timeframe perspectives. As Ethereum has strongly exaggerated and protracted with bullishness to the upside on the global perspectives it is now in a structure where it severely tested the upper zones of resistances and continues with this as it developed this descending-channel-formation this formation has a higher likelihood to show up with a breakout above the upper-boundary in the coming times, when this happens and Ethereum closes above the upper boundary of the channel it will be the origin of the wave-C-development to the upside and Ethereum will move on to test the upper resistance-line marked in dashed grey from where the situation needs to be elevated anew.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.