Locally, the ETH price completes the corrective movement in the fourth wave, followed by the local fifth wave. Levels are marked on the chart. After which, most likely there will be a slight correction to the level of 142.42 and subsequent growth.
Price moves in an upward channel in its lower part. It is indicated on the chart. Punching and fixing above the level of 150.45, the price will go to the level of 169.30 or the middle border of the channel.
According to the indicators on the hourly timeframes, the local corrective movement may continue. The fourth wave is often heavy and unpredictable. On the , the upward movement is not yet complete. Therefore, upward movement to the levels marked on the chart remains a priority.
Cancellation of the upward movement is a breakdown and consolidation below the lower boundary of the channel or level 139.20.
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