ETHUSD long view

Looking at the graph on the one-hour time frame, we can do the following technical analysis. First, we are in a growing channel, and now after reaching a new historic high at $ 4372, we can expect some withdrawal within this consolidation within the channel. Moving averages are still on the bullish side, but we can expect a shorter pullback to bring the price closer to moving averages, and as the main support from moving averages, we see in the MA50. Looking at the MACD indicator, we see that the bullish signal is slowing down and that we can easily get a bearish signal soon. For now, we are in the neutral zone of the MACD indicator.