![\"ETHEREUM](\"https:\/\/s3.tradingview.com\/j\/juqb69XB_big.png\")
<\/a><\/div>\n** The Inner Channel Up **<\/strong> ** The Outer Channel Up **<\/strong> Can Ethereum take advantage of this momentum and reach $600 before the end of the year, which will be a Higher High on the long-term (outer) Channel Up? A roughly +95% increase from the last low, certainly shows it can! And as you see on the chart this +95% rise has been consistent in marking Higher Highs since December 2018, successfully making 5 occurrence already!<\/p>\n Feel free to share your work and let me know in the comments section!<\/p>\n Please like, subscribe and share your ideas and charts with the community!<\/strong><\/p>\n ——————————————————————————————————–<\/p>\n !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!<\/p>\n \ud83c\udf89 \ud83d\udc4d Shout-out to TradingShot’s \ud83d\udcb0\u00a0top TradingView Coin donor<\/strong>\u00a0\ud83d\udcb0 this week ==>\u00a0TradingView<\/a><\/p>\n ——————————————————————————————————–<\/p>\n <\/p>\n Tradingview link:<\/p>\n
\nIt was about the final Resistance level of 400 that ETH had to break before its April Channel Up (inner\/ blue) on the 1D chart turned bullish again. Well it happened, as the 1D MA50 turned into Support, and the price is moving higher.<\/p>\n
\nMy attention now shifts back to the 1W chart, which (excluding the March melt-down) is dictated by a very clear Channel Up too (outer). See how harmonically the price is pivoting on the middle (dashed) trend-line of this Channel Up (red and green arrows). This Channel started after the December 2018 bottom and since then, it is the first time that a weekly candle closes that high after a bounce on the middle trend-line. Clear bullish strength with the sentiment getting even stronger as the LMACD is about to make a bullish cross.<\/p>\n