Ethereum, alongside Bitcoin and Dogecoin, is one of those cryptocurrencies that are well-known even outside of the crypto community. And it is for a good reason — Ethereum is one of the most feature-rich and interesting blockchains out there.
Ethereum ETH/USD ends the trading week at 1623 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support level near the 1505 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above the level of 2235.
Technically:
Stabilzing above 1665 will support rising to get 1721 and above it 1865
But, now the price will move depending on the parallel channel, So as long as the price trades inside the channel it means has a abearish trend to reach 1543 adn under it 1447