The daily Ethereum Currency opened at 3847 yesterday, closing at 3744. Which is a powerful downward candlestick. But this candle has a shadow that is almost more than 50% of its body length. So it has reacted well to the $ 3670 to $ 3700 range.
The candlestick opened today and is covering the fall of the previous day. If the daily candle closes above 3850, Ethereum is more likely to continue moving towards targets 4000 and 4200.
As you can see, the movement of the Ethereum is stuck between the two lines of the downtrend. And because the price has reacted well to these lines, then they are valid. If the second line breaks, and the Ethereum penetrates above 3850, the upward movement is more likely to continue. But you should note that in the 1 hour period, there is no upward trend yet. But it is ascending in 4 hours and daily.
The candlestick opened today and is covering the fall of the previous day. If the daily candle closes above 3850, Ethereum is more likely to continue moving towards targets 4000 and 4200.
As you can see, the movement of the Ethereum is stuck between the two lines of the downtrend. And because the price has reacted well to these lines, then they are valid. If the second line breaks, and the Ethereum penetrates above 3850, the upward movement is more likely to continue. But you should note that in the 1 hour period, there is no upward trend yet. But it is ascending in 4 hours and daily.