Ethereum is rising in the Uptrend. The 50 and 200 MA are narrowing and the RSI lies on the oversold zone , thus we can expect this breakout to be rather a fake one and the price shall rise and back to the channel!
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@medicalik, Totally agree, it's not going back to the channel any time soon. Crypto and Precious metals are under pressure as the DXY is gaining value.