Ethereum can exit of pennant and continue move up to 1660 level

Hello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price entered an upward channel, where it first declined to the support line of the channel, thereby breaking the 1600 support level, which coincides with the buyer zone. But soon it rebounded up and rose to the resistance line of the channel, which coincided with the 1660 resistance level. Then price at once bounced and declined to the buyer zone, where it some time traded and fell lower to support line aging. After this movement, ETH rolled up to the support level, broke it again, and then made an upward impulse to 1735 points, thereby exiting from the upward channel. Also, ETH entered to pennant, in which it started to decline and in a short time fell to the support line. But a not long time ago it tried to rise, failed and now it continues to trade near the support line. And possibly Ethereum can rebound from this line and start to rise to the resistance level, thereby exiting from the downward pennant. For this case, I set up my target at the 1660 level. Please share this idea with your friends and click Boost 🚀