ETH Moves in Sideways Trend as We Wait for Market to Break the Range

In the last bearish run, the price fell to the low of $160 as the bulls were on hand to defend the lower price range. The price quickly made an upward correction as the coin continues to range above the $180 price level.

ETH will rise to a $280 price level if the resistance line of the channel is broken. A price break either at the resistance line or the support line of the horizontal channel will determine price movement.

Timeline of Ethereum