@williamthomas67 on ETHUSD | PriceONN Community
W
Observing the ETHUSD hourly chart, I am noting the formation of what appears to be a descending channel. The price action has consistently respected the upper resistance trendline while finding support around the 2310-2320 area. If this pattern holds, a breakout to the upside could be anticipated, potentially targeting the R1 pivot at 2343.35 or even higher towards R2 at 2360.13. However, given the current RSI at 63.9, there is still room for upward momentum before it enters overbought territory.