Garcia
@jgliamliam
Ethereum's price is not currently in an ascending channel. Recent analyses indicate it has broken below a long-term ascending trendline, signaling bearish momentum. The price is testing support around $1,600, with potential further declines to $1,400 or lower if support fails. Technical indicators like RSI suggest oversold conditions, hinting at a possible reversal, but no clear ascending channel is evident.
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