I remain a bullish idea on ETH in the new ascending channel but in a smaller timeframe, please aware below:

- $1275 is the important 0.618 fib level

- Sell pressure from order block (white rectangle box)

- Price rejected from the weekly support/resistance $1275

Expect a short-term sell pressure from here and let see if price will bounce from the bottom of ascending channel at $1220.

Chart PatternsFundamental AnalysisTrend Analysis

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