ETHUSD long view

Looking at the chart on the four-hour time frame, we see that Ethereum made a new high at $ 2225, that it still stands in the same position without making any pullback for now. We can continue to be guided by this growing channel with its lines as potential resistances and supports. Moving averages are on the bullish side and, for now, provide good support for Ethereum to move on to higher levels on the chart. The MACD indicator also gives a bullish signal, and the blue MACD line is still above the signal line on the green side of the indicator.