Possible Ethereum trend in the $1,700 support range

Ethereum is in the range of the descending channel, but in the long trend is in an ascending channel that has broken in the beginning of 2022.
It is now in the important support range of $1,700 and we should see a high probability of a positive reaction.
Both the uptrend channel support and the Fibonacci support point are all likely to make an impact.

The trend of Ethereum continuation in this range is shown in the chart if it is positive and if it continues the correction.