Ethereum broke its narrow ascending channel

Hello to all members of TradingView and my followers.

Yesterday, Ethereum broke its narrow ascending channel near the $1,160 resistance area, with the price falling. This drop continued to the support level considered for Ethereum in the past. Ethereum's support range for the previous day was $1,080-$1,100, with buyers in this area driving the price higher again. A strong reaction accompanied the second encounter with the resistance of 1150 to 1170 dollars. The price of Ethereum today can fluctuate between the mentioned levels so that by breaking one of the ranges, we will see the continuation of the price trend.

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