Interestingly, ETH is being pinched between the 50 support, and the major overhead around 180 — 190. If ETH can close above that , we could see a rally toward the next peak at 223. If that is taken out, the next target would be around 255. A confirmed breakdown below the 50 would temporarily negate that upside potential.
Furthermore, we can see that the ribbon is just starting to flash green, indicating a change in trend, which could result in a significant upside expansion.
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***