We can see that ETH was stuck by the short side after breaking through the resistance level (3170). Unfortunately, the price didn’t directly enter into the bullish channel . As the strongest of the three, ETH holds the potential to rise. However, it should be noted that the long side is likely to fall into fluctuation if they cannot continue the performance of the previous two weeks.
Conclusion: Mostly rising. We have followed the logic of last week. Based on the magnitude of the previous pullback by the short and the reaction of the long, the correction may have ended and the price may begin to rise.Both the support level (2760) and the resistance level (3170) remain unchanged.

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