To confirm the validity of the drawn channel, observe the collisions and price reactions to its different levels.

In a previous analysis of eth at $ 314, we mentioned a price increase to $ 412, which even went up to $ 440.
We expect price fluctuations to decrease in a pattern similar to the one drawn before the next directional movement.

http://s10.picofile.com/file/8407067818/ETHUSDT827_1024x523.png

If the price moves below the key support of $ 365, we will expect the price to decrease until the next support at $ 311.

However, no definite opinion can be given before the pattern is formed. On the other hand, as the price moves above the pattern, the next price target will be the $ 430 resistance.

Above this level, you can expect the price to rise to $ 480 in the medium term

Good luck