Price action currently is close to a for the channel. The key areas to watch are Support 1 and Support 2 as drawn on the chart.
The range for Support 1 is: $903.11 and $871
Range for Support 2: $787.17 and $753.28
If support 2 is overcome, then it is possible for bears to drive prices down to as far as the bottom of the channel which is ~ at $387.
The alternate scenario would involve the bulls breaking the . If this is the case, then price of Etherium could reach as far as $1721. This target is calculated by taking a vertical measurement of the width of the channel and projecting it from the break out point above the