Eth's technical analysis

Let's take a look at eth. There has been a period of relative silence in the past, with no BCH, LTC and BSV swords going out of the way. So it's a fairly regular market, but now that the market is in a phase of adjustment, we see that eth has built a box here, which is a small box with a long-term upward channel, and 290 dollars creates a pressure zone.

From the perspective of the daily line, it is a high level arrangement, which should be acceptable if it goes up again. However, the pressure of the upward channel, the pressure of the high level gold line and the pressure of the deviation from the trend need to be resolved at the same time. I think it will be difficult for eth alone to finish, unless BTC continues to strengthen and enter the real bull market.

Look now short, here is a more awkward position, if more than you do now comes into play, face the problem is below the trend line of the rail, which is $230 this position, will face a 20% fall, while up to 15% will face deviation, so the location of the up and down in a dilemma, whether there is participation, the meaning of your own judgment.