ETH broke through the descending channel last night, reached the trend line and the upper resistance level, then pulled back. Once the trend line is broken downward, it will turn into a resistance level. With two pressure points converging, a converging triangle pattern is forming to determine the direction. For short positions, watch the 2160-2220 range, preferably using a phased entry strategy with initial positions and adding on dips. For long positions, focus on 2030 and 1920, with a stop loss below the trend line.

ETH1,56%
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