ETHUSD 1H. Under the 20EMA and within an ascending channel.
ETHUSD 1H. Is within a smaller ascending channel within a larger bearish descending channel, channels eventually break down particularly when trying to correct against a down trend & after price challenged several times the recent highs of around Eth at $250. This effort which weakened each time it tried has been rejected so far. Within the smaller channel the lower trend line marked 'A' is of particular interest to me. I feel a bearish flag is forming and this may give way. I expect price to touch around 227$. All this in the context of BTC.D which has printed a falling wedge on the hourly.
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