The price is in an uptrend channel, which with the correction of the market now, we are approaching the support range and the bottom of the channel, with the support of the price in this range, we can expect ethereum to grow up to $ 3,500 and $ 3,700. Otherwise, with the failure of this channel, we will have a more severe drop to the range of $ 3132 and $ 3000. In case of failure of the range from the bottom of the channel, the analysis is updated.