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#Ethereum
Short-term current outlook… 🔍
Friends, over the past two months, we can see that $ETH has been moving within a distinct downward channel and is currently priced very close to the channel resistance.
Additionally, the price has reached the HMA50 and the horizontal resistance at $3090. If this area is broken, I believe there is a high probability of a sharp upward breakout within the channel I’ve shown on the chart.
For the market to pick up, #ETH needs to make such a move and quickly get above 4K.
Continuing to monitor… 👀