Ethereum / TetherUS
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ETH Rising Channel Setup: Pullback Before the Next Push Higher

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Hi!

ETH is currently trading inside a rising channel after reclaiming support around $1,675–1,680. Price has pushed higher, but it’s approaching a key resistance area near $1,720, where sellers have stepped in before.

My expectation is a short-term pullback from the current levels toward the lower boundary of the channel around $1,695–1,700. As long as that trendline support holds, the structure remains bullish and could provide the base for the next move higher.

From there, I’m looking for a bounce that targets the green resistance zone around $1,748–1,750, which also aligns with the upper channel resistance and a previous supply area. A clean break above that level would strengthen the bullish outlook, but for now the most likely path is a dip to channel support first, followed by a move back up into the $1,750 region.

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