ETH can make retest of support line and start to rise

Hello my friends, today I want to talk to you about ETH.

I made a few conclusions about Ethereum.

Not time ago price made fake breakout of upward channel and fell to support level.

Then, Ethereum made few moves up and retested support line.

Now, price trades near support line. I see two scenarios:

The first scenario is price already bounced from support line and can start to rise right now.

And second scenario is price can make retest of support line again and only then start moving up.

For this reason, I set up two targets at $1295 and $1340 levels.

I expect such a scenario.

This is an article not financial advice, always do your own research.

If you still have questions, you can write it in the comments below and I will answer them.

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