Ether stabilized in a slightly positive trend after breaking the previous uptrend. Since mid-May, this flattish trend channel has continued, offering some trading opportunities within it.
When Ethereum approaches the lower line and the 50 EMA crosses above the 50 SMA, an ETHUSDT surge has followed each time since the channel formed. Traders could expect a similar move again. However, the key risk is potential negative pressure on stock markets due to geopolitical concerns and the correlation effect on the crypto market and a break of the channel.
This news is powered by TradingView 
