I apologize in advance for my poor English.
Ethereum has recently completed its last corrective wave (wave C) , it also touched the bottom of its descending channel, the price reaction to the bottom of the descending channel was excellent and immediately followed by a long shadow from the buyers. has shown strong support.
The RSI indicator only shows the number 23, while at the bottom of the channel, this indicator reached the number 6! I can't believe this is not a trap to empty my and your pockets.
So, in my opinion the price will grow at least to the area I have specified and the price will at least hit MA 200 in daily chart . In addition, the 200-week moving average, which is a very strong support, is located in the $1,625 area, which greatly reduces the risk .
Therefore, my mid-term view of this coin is strongly bullish.