Daily ETH Update

Will BTC has been ranging sideways, ETH has been trading in a rising channel. If you zoom out on this chart it's actually a very bullish outlook, however don't be fooled, short term we can still see a pullback. Price action is still in the channel but pushing against the lower support. With an eye on what BTC decides to do, we remain in a holding pattern. I'm keeping my stops tight in case we lose the channel.

If we do fall out of this channel we will find ourselves back inside the previous consolidation triangle and most likely find support around the $3300 area.