Ethereum and Bitcoin recently pumped up to the top of the trend channel, pulling all the money out of alts, (they will go back up) then dumped back to the bottom of the trend. We can expect 3 things that I've wrote on the chart.
Eth will bounce off the trendline and continue upwards. (which is what personally believe will happen)
Eth will break out of the uptrend channel downwards. then reenter after some consolidation. (possibility)
Eth will break out of the uptrend channel, retest it and fail and fall further. (unlikely)
Eth will bounce off the trendline and continue upwards. (which is what personally believe will happen)
Eth will break out of the uptrend channel downwards. then reenter after some consolidation. (possibility)
Eth will break out of the uptrend channel, retest it and fail and fall further. (unlikely)
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