</noscript><div id="__next"><div class="sc-4c6ce9b-0 biQPaZ"><img src="/pic/logo.svg" alt="Choise.com"/></div><div class="sc-12da5ce1-0 fFCgul"><div class="modal"><button class="close_button"><svg width="12" height="13" viewBox="0 0 12 13" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M5.98119 5.2L10.2242 0.957001C10.6147 0.566536 11.2477 0.566535 11.6382 0.957C12.0287 1.34747 12.0287 1.98053 11.6382 2.371L7.39519 6.614L11.6382 10.857C12.0287 11.2475 12.0287 11.8805 11.6382 12.271C11.2477 12.6615 10.6147 12.6615 10.2242 12.271L5.98119 8.028L1.73819 12.271C1.34772 12.6615 0.714653 12.6615 0.324188 12.271C-0.0662779 11.8805 -0.0662777 11.2475 0.324188 10.857L4.56719 6.614L0.324188 2.371C-0.066277 1.98054 -0.0662779 1.34747 0.324188 0.957C0.714653 0.566535 1.34772 0.566535 1.73819 0.957L5.98119 5.2Z"></path></svg></button><h2>connect your wallet</h2><p class="description">to get access to your NFT & Ambassador profile</p><div class="list"><div class="list_item"><a target="_blank" class="button_item" rel="noreferrer nofollow" href="https://metamask.app.link/dapp/choise.com?null"><span class="icon"><img src="/pic/nft/connect-wallet-icons/metamask.svg" alt="MetaMask"/>MetaMask</span><span class="popular">Popular</span></a><p class="how_to_install">How to <a href="/news/tutorials/how-to-install-metamask">install Metamask?</a></p></div><div class="list_item"><button class="button_item"><span class="icon"><img src="/pic/nft/connect-wallet-icons/wallet-connect.svg" alt="WalletConnect"/>WalletConnect</span></button></div><div class="list_item"><button class="button_item"><span class="icon"><img src="/pic/nft/connect-wallet-icons/binance-smart-wallet.svg" alt="Binance Smart Wallet"/>Binance Smart Wallet</span></button></div><div class="list_item"><button class="button_item"><span class="icon"><img src="/pic/nft/connect-wallet-icons/coinbase-wallet.svg" alt="Coinbase Wallet"/>Coinbase Wallet</span></button></div></div></div></div><div id="mobile_nav" class="sc-537cabff-0 hicDzO"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><ul class="mobile_nav"><li class="top_links"><span class="link_title "><p>Earn</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Earn"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/bitdriven">🚀 Bitdriven<!-- --> <span class="label_heading yellow">up to 1200%</span><p class="description">Earn on BTC driven portfolio. Exclusively at Choise.com!</p></a></li><li class="drop_link "><a href="/earn">Web 3.0 interest accounts<!-- --> <span class="label_heading black">up to 10.7% APY</span><p class="description">Stake and earn on in-house DeFi platform</p></a></li><li class="drop_link "><a href="/interest-accounts">Interest accounts<!-- --> <span class="label_heading black">up to 18% APY</span><p class="description">Get passive income with your crypto, easy</p></a></li><li class="drop_link "><a href="/nft/fend">NFT interest account<!-- --> <p class="description">Mint your NFT and start earning</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>Explore</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Explore"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><span class="link_title_sub ">Wallet<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="Wallet"/></span><p class="description">All-in-one multi-coin wallet</p></li><li class="drop_link "><a href="/charism">Charism platform<!-- --> <p class="description">Earn with the top DeFi products</p></a></li><li class="drop_link "><span class="link_title_sub ">NFT<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="NFT"/></span><p class="description">Choise.com collections</p></li></ul></div></li><li class="top_links"><a href="/card">Card</a></li><li class="top_links"><span class="link_title "><p>Tokens</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Tokens"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><span class="link_title_sub ">CHO<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="CHO"/></span></li><li class="drop_link "><a href="/crpt">CRPT<!-- --> </a></li></ul></div></li><li class="top_links"><span class="link_title "><p>Business</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Business"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/business">Interest accounts and loans<!-- --> <p class="description">Maximize your business returns</p></a></li><li class="drop_link "><a href="https://vault.ist" target="_blank" rel="noreferrer">White label solutions<!-- --> <p class="description">Jumpstart your own bank</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>About</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="About"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/news">Blog<!-- --> <p class="description">Know as much as our CEO</p></a></li><li class="drop_link "><a href="/rebranding">Rebranding<!-- --> <p class="description">6 years of success</p></a></li><li class="drop_link "><a href="/ambassador">Ambassador program<!-- --> <p class="description">Invest effort and be rewarded</p></a></li><li class="drop_link "><a href="/security">Security<!-- --> <p class="description">Keeping your assets safe</p></a></li></ul></div></li><li class="top_links"><a href="/help">Support</a></li></ul><div class="sc-d94579b9-0 jQcbuh"><a href="https://crypterium.onelink.me/jtmZ/choisesiteheader" target="_blank" rel="noreferrer nofollow" class="app_link">Get a free wallet</a><p class="copyright">2022 © Charism LLC, registry code: 1999 LLC 2022, Address: Beachmont Business Centre, Suite 336, Kingstown, Saint Vincent and the Grenadines</p></div></div></div><header id="header" class="sc-6baeba2b-0 PfvXC "><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="left_block"><div class="logo"><a href="/"><img src="/pic/logo.svg" alt="Choise.com"/></a></div><ul class="sc-ad73c3fe-0 hPHIRv main_nav"><li class="nav_item"><p class="nav_item_title">Earn<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/bitdriven"><p class="drop_title drop_title_sub">🚀 Bitdriven<!-- --> <span class="label yellow">up to 1200%</span></p><span class="drop_description">Earn on BTC driven portfolio. Exclusively at Choise.com!</span></a></li><li class="drop_item "><a href="/earn"><p class="drop_title drop_title_sub">Web 3.0 interest accounts<!-- --> <span class="label black">up to 10.7% APY</span></p><span class="drop_description">Stake and earn on in-house DeFi platform</span></a></li><li class="drop_item "><a href="/interest-accounts"><p class="drop_title drop_title_sub">Interest accounts<!-- --> <span class="label black">up to 18% APY</span></p><span class="drop_description">Get passive income with your crypto, easy</span></a></li><li class="drop_item "><a href="/nft/fend"><p class="drop_title drop_title_sub">NFT interest account<!-- --> </p><span class="drop_description">Mint your NFT and start earning</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">Explore<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><p class="drop_title drop_title_item">Wallet<!-- --> </p><span class="drop_description">All-in-one multi-coin wallet</span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/wallet"><p class="drop_title drop_title_sub">About wallet<!-- --> </p><span class="drop_description">Ultimate crypto wallet</span></a></li><li class="drop_item "><a href="/wallet/buy"><p class="drop_title drop_title_sub">Buy crypto<!-- --> </p><span class="drop_description">Visa, Mastercard</span></a></li><li class="drop_item "><a href="/wallet/exchange"><p class="drop_title drop_title_sub">Exchange<!-- --> </p><span class="drop_description">Enjoy best rates</span></a></li><li class="drop_item "><a href="/wallet/cashout"><p class="drop_title drop_title_sub">Cashout<!-- --> </p><span class="drop_description">Withdaw funds to bank cards</span></a></li><li class="drop_item "><a href="/wallet/send"><p class="drop_title drop_title_sub">Send<!-- --> </p><span class="drop_description">Use free international money transfers</span></a></li><li class="drop_item "><a href="/wallet/spend"><p class="drop_title drop_title_sub">Spend<!-- --> </p><span class="drop_description">Pay with VISA cards, plastic and virtual</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="Wallet"/></div></li><li class="drop_item "><a href="/charism"><p class="drop_title drop_title_sub">Charism platform<!-- --> </p><span class="drop_description">Earn with the top DeFi products</span></a></li><li class="drop_item "><p class="drop_title drop_title_item">NFT<!-- --> </p><span class="drop_description">Choise.com collections</span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/nft/fend"><p class="drop_title drop_title_sub">🔥 NFT interest account<!-- --> <span class="label yellow">Up to 25%</span></p><span class="drop_description">CHO, DAI, USDC and USDT</span></a></li><li class="drop_item "><a href="/charism/beta"><p class="drop_title drop_title_sub">NFT for beta testers<!-- --> </p><span class="drop_description">Exclusive offer for Charism testers</span></a></li><li class="drop_item "><a href="/nft"><p class="drop_title drop_title_sub">CHO NFT Collection<!-- --> </p><span class="drop_description">First in space NFT token sale</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="NFT"/></div></li></ul></div></li><li class="nav_item"><a class="nav_item_title" href="/card">Card<!-- --> </a></li><li class="nav_item"><p class="nav_item_title">Tokens<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><p class="drop_title drop_title_item">CHO<!-- --> </p><span class="drop_description"></span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/cho"><p class="drop_title drop_title_sub">About CHO<!-- --> </p><span class="drop_description">Choise.com token</span></a></li><li class="drop_item "><a href="/cho/exchanges"><p class="drop_title drop_title_sub">CHO markets<!-- --> </p><span class="drop_description">Listed on top exchanges</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="CHO"/></div></li><li class="drop_item "><a href="/crpt"><p class="drop_title drop_title_sub">CRPT<!-- --> </p><span class="drop_description"></span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">Business<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/business"><p class="drop_title drop_title_sub">Interest accounts and loans<!-- --> </p><span class="drop_description">Maximize your business returns</span></a></li><li class="drop_item "><a href="https://vault.ist" target="_blank" rel="noreferrer"><p class="drop_title drop_title_sub">White label solutions<!-- --> </p><span class="drop_description">Jumpstart your own bank</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">About<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/news"><p class="drop_title drop_title_sub">Blog<!-- --> </p><span class="drop_description">Know as much as our CEO</span></a></li><li class="drop_item "><a href="/rebranding"><p class="drop_title drop_title_sub">Rebranding<!-- --> </p><span class="drop_description">6 years of success</span></a></li><li class="drop_item "><a href="/ambassador"><p class="drop_title drop_title_sub">Ambassador program<!-- --> </p><span class="drop_description">Invest effort and be rewarded</span></a></li><li class="drop_item "><a href="/security"><p class="drop_title drop_title_sub">Security<!-- --> </p><span class="drop_description">Keeping your assets safe</span></a></li></ul></div></li><li class="nav_item"><a class="nav_item_title" href="/help">Support<!-- --> </a></li></ul></div><div class="right_block"><div class="buttons"></div><div class="sc-2e1bab11-0 eGsWHK language_switcher"><a href="/es/news/uncategorised/crypto-daily-ethereum-stays-within-an-ascending-channel"><img src="/pic/locale/es.svg" alt="es"/></a></div><div class="sc-8a9aa52d-0 fuPhlo connect_metamask"><button class="connect_wallet_button"><svg width="18" height="16" viewBox="0 0 18 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M14.8333 3.83333H14V3C14 2.33696 13.7366 1.70107 13.2677 1.23223C12.7989 0.763392 12.163 0.5 11.5 0.5H3.16663C2.50358 0.5 1.8677 0.763392 1.39886 1.23223C0.930018 1.70107 0.666626 2.33696 0.666626 3V3V13C0.666626 13.663 0.930018 14.2989 1.39886 14.7678C1.8677 15.2366 2.50358 15.5 3.16663 15.5H14.8333C15.4963 15.5 16.1322 15.2366 16.6011 14.7678C17.0699 14.2989 17.3333 13.663 17.3333 13V6.33333C17.3333 5.67029 17.0699 5.03441 16.6011 4.56557C16.1322 4.09673 15.4963 3.83333 14.8333 3.83333ZM3.16663 2.16667H11.5C11.721 2.16667 11.9329 2.25446 12.0892 2.41074C12.2455 2.56702 12.3333 2.77899 12.3333 3V3.83333H3.16663C2.94561 3.83333 2.73365 3.74554 2.57737 3.58926C2.42109 3.43298 2.33329 3.22101 2.33329 3C2.33329 2.77899 2.42109 2.56702 2.57737 2.41074C2.73365 2.25446 2.94561 2.16667 3.16663 2.16667V2.16667ZM15.6666 10.5H14.8333C14.6123 10.5 14.4003 10.4122 14.244 10.2559C14.0878 10.0996 14 9.88768 14 9.66667C14 9.44565 14.0878 9.23369 14.244 9.07741C14.4003 8.92113 14.6123 8.83333 14.8333 8.83333H15.6666V10.5ZM15.6666 7.16667H14.8333C14.1703 7.16667 13.5344 7.43006 13.0655 7.8989C12.5967 8.36774 12.3333 9.00363 12.3333 9.66667C12.3333 10.3297 12.5967 10.9656 13.0655 11.4344C13.5344 11.9033 14.1703 12.1667 14.8333 12.1667H15.6666V13C15.6666 13.221 15.5788 13.433 15.4225 13.5893C15.2663 13.7455 15.0543 13.8333 14.8333 13.8333H3.16663C2.94561 13.8333 2.73365 13.7455 2.57737 13.5893C2.42109 13.433 2.33329 13.221 2.33329 13V5.35833C2.60102 5.45251 2.88282 5.50042 3.16663 5.5H14.8333C15.0543 5.5 15.2663 5.5878 15.4225 5.74408C15.5788 5.90036 15.6666 6.11232 15.6666 6.33333V7.16667Z"></path></svg></button></div><button class="sc-eca9cdfb-0 bPgcmz nav"><span></span><span></span></button></div></div></header><main><section class="sc-9df503db-0 fhUSDO full_post"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="sc-5afa642d-0 dtYrrw categories"><div class="label">Blog categories</div><select class="mobile_select"><option value="/news">#all</option><option value="/news/cho-token">#CHO</option><option value="/news/crpt-token">#crpt</option><option value="/news/updates">#choise.com</option><option value="/news/events">#events</option><option value="/news/blockchain">#blockchain</option><option value="/news/buy-crypto">#buycrypto</option><option value="/news/cash-out-crypto">#cashoutcrypto</option><option value="/news/crypto-lifestyle">#cryptolifestyle</option><option value="/news/crypto-wallets">#cryptowallets</option><option value="/news/crypto-world">#cryptoworld</option><option value="/news/dailyanalysis">#dailyanalysis</option><option value="/news/earn">#earn</option><option value="/news/featured">#featured</option><option value="/news/insights">#insights</option><option value="/news/latest">#latest</option><option value="/news/market-prices">#marketprices</option><option value="/news/opinions">#opinions</option><option value="/news/tutorials">#tutorials</option><option value="/news/uncategorised">#uncategorised</option><option value="/news/urgent-updates">#urgentupdates</option></select><ul class="desktop_nav"><li class=""><a href="/news">#all</a></li><li class=""><a href="/news/cho-token"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#CHO</a></li><li class=""><a href="/news/crpt-token"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#crpt</a></li><li class=""><a href="/news/updates"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#choise.com</a></li><li class=""><a href="/news/events"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#events</a></li><li class=""><a href="/news/blockchain">#blockchain</a></li><li class=""><a href="/news/buy-crypto">#buycrypto</a></li><li class=""><a href="/news/cash-out-crypto">#cashoutcrypto</a></li><li class=""><a href="/news/crypto-lifestyle">#cryptolifestyle</a></li><li class=""><a href="/news/crypto-wallets">#cryptowallets</a></li><li class=""><a href="/news/crypto-world">#cryptoworld</a></li><li class=""><a href="/news/dailyanalysis">#dailyanalysis</a></li><li class=""><a href="/news/earn">#earn</a></li><li class=""><a href="/news/featured">#featured</a></li><li class=""><a href="/news/insights">#insights</a></li><li class=""><a href="/news/latest">#latest</a></li><li class=""><a href="/news/market-prices">#marketprices</a></li><li class=""><a href="/news/opinions">#opinions</a></li><li class=""><a href="/news/tutorials">#tutorials</a></li><li class="active"><a href="/news/uncategorised">#uncategorised</a></li><li class=""><a href="/news/urgent-updates">#urgentupdates</a></li></ul></div><section class="sc-61d7b15a-0 QcoXb news_content"><div class="heading"><a href="/news/uncategorised"><svg width="17" height="16" viewBox="0 0 17 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M6.65685 15.0709L0.292892 8.70692C-0.0976315 8.31639 -0.0976315 7.68323 0.292892 7.2927L6.65685 0.928741C7.04738 0.538216 7.68054 0.538216 8.07107 0.928741C8.46159 1.31926 8.46159 1.95243 8.07107 2.34295L3.41421 6.99981L16 6.99981C16.5523 6.99981 17 7.44752 17 7.99981C17 8.55209 16.5523 8.99981 16 8.99981L3.41421 8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-4fdbe080-0 iZdgQN title "><h1>Crypto Daily: Ethereum Stays Within an Ascending Channel</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Dec 22, 2021</li><li>06:12</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Ethereum Stays Within an Ascending Channel" alt="Crypto Daily: Ethereum Stays Within an Ascending Channel" fetchpriority="high" width="2400" height="1256" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Faa0380a9-6d0b-4fcd-9e5e-1a844f392370.jpg&w=3840&q=75 1x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Faa0380a9-6d0b-4fcd-9e5e-1a844f392370.jpg&w=3840&q=75"/></div><div class="content_block"><p><span style="font-weight:400">This can be judged by the trading volume, which even decreased slightly and amounted to $28 billion per day.</span></p><p><span style="font-weight:400">The yesterday’s market growth mainly affected Bitcoin. Altcoins remained either neutral or showed almost no increase. One of these assets was Ethereum, the price of which rose by only 1.5%. Let’s analyze the chart to understand whether we should expect the second popular cryptocurrency to grow in the coming weeks:</span></p><p><img loading="lazy" class="alignnone size-large wp-image-12877" src="https://webinar.choise.com/wp/2021/12/ETHUSDT_2021-12-22_09-57-46-1024x558.png" alt="ETH price buy crypto" width="1024" height="558"/></p><p><span style="font-weight:400">Ethereum continues to move within the ascending channel. For the last 2 weeks, the price has been constantly testing the lower border of the figure, however, buyers returned the price to the uptrend quickly. Thus, a strong support level was formed in the $3,650 – $3,850 area. This is a positive signal for Ethereum.</span></p><p><span style="font-weight:400">During the market crash on the night of 3-4 December, the price dropped below the uptrend line, which is marked red on the chart. This very day, Ethereum managed to recover to almost original values. But in the last 2 weeks, the chart dropped below this line again and gained a foothold below it. Yesterday’s daily candle rose and closed, barely reaching the trend line. As of today, the price keeps rising and now Ethereum sits at around $4,050. If the chart remains at this level until the end of the day, then we may see the cryptocurrency consolidating above it and then returning to an uptrend.</span></p><p><span style="font-weight:400">The possibility that Ethereum will rise in the near future has become significantly higher in the past few days. Thus, a falling wedge pattern has been formed on the chart, which is a well-known sign of upcoming reversal. Today, the oud price broke the upper border of this figure and it is trying to gain a foothold above it at the present moment. In case of this scenario, there will be great prospects for a new cycle of Ethereum’s growth. So, if this pattern works itself out, the price may rise to $4,800, where we can see the middle line of the ascending channel.</span></p><p><span style="font-weight:400">This means that Ethereum will probably tend to this level in the next 1-2 weeks and will reach a historical high again by the New Year.</span></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/uncategorised">Uncategorised</a></li><li><span>Crypto Daily: Ethereum Stays Within an Ascending Channel</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Ethereum Stays Within an Ascending Channel"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Ethereum Stays Within an Ascending Channel - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Ethereum Stays Within an Ascending Channel - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. Choise Services UAB design and operate Choise.com website and Choise.com mobile applications jointly. Cryptocurrency services offered on the website platform are provided by UAB Choise Services. UAB Choise Services is incorporated in Lithuania with the company number <a href="https://rekvizitai.vz.lt/imone/stilgeka/juridinis-asmuo/" target="_blank" rel="noreferrer">305964183</a>, registered office at Vilnius, Eišiškių Sodų 18-oji g. 11.</p><p>UAB Choise Services is registered as a virtual currency exchange operator and a custodian virtual currency wallet operator. Charism LLC is incorporated in St. Vincent and Grenadines with the company number 1999 LLC 2022, registered office at Suite 336, Beachmont Business Centre, Kingstown, registration number 1999 LLC 2022. Charism LLC is a limited liability company created and existing under the laws of Saint Vincent and Grenadines.**</p><p>Choise.com is not a bank.</p><p>Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions.</p><p>Choise.com does not provide services to citizens of the Russian Federation, non-EU residents. Eligibility for particular products and services is subject to final determination by Сhoise.com. Rates for Choise.com products are subject to change.</p></div></div><div class="links_block_wrapper"><ul class="links"><li><a class="link" href="/help#reglaments">Reglaments</a></li><li><a class="link" href="/help/360005402279/360019668920">Restricted countries</a></li></ul><ul class="cards_links"><li><a href="https://www.merchantsignage.visa.com/brand_guidelines" target="_blank" rel="noreferrer"><svg width="59" height="20" viewBox="0 0 59 20" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M38.7598 0.428467L39.1484 0.45874C40.3652 0.535156 41.5391 0.80835 42.6855 1.22363C42.7578 1.25024 42.7676 1.28003 42.752 1.35352L41.9492 5.16504L41.9355 5.20337L41.668 5.08618C40.7266 4.68164 39.7461 4.43213 38.7266 4.35278C38.1152 4.30518 37.5059 4.30811 36.9043 4.43994C36.4902 4.53052 36.1016 4.68164 35.7734 4.96045C35.6797 5.03955 35.5938 5.12988 35.5195 5.22729C35.1621 5.69385 35.1699 6.23633 35.5371 6.69434C35.7539 6.96338 36.0195 7.17554 36.3105 7.34741C36.832 7.65381 37.3594 7.94824 37.8906 8.23877C38.5293 8.58984 39.168 8.94458 39.7559 9.38306C39.9082 9.49707 40.0586 9.61597 40.2012 9.74097L40.3535 9.87671C40.5625 10.0706 40.7598 10.2783 40.9395 10.5044C41.5664 11.2937 41.8809 12.199 41.8965 13.2107C41.9102 14.1318 41.7461 15.0176 41.3535 15.854C40.8945 16.835 40.1992 17.604 39.3164 18.2051C38.418 18.8171 37.4258 19.197 36.377 19.4292C35.2734 19.6729 34.1582 19.7527 33.0332 19.6941C31.7461 19.6267 30.4766 19.4385 29.2402 19.0481C28.9688 18.9624 28.707 18.8496 28.4395 18.75C28.418 18.7415 28.4004 18.7322 28.3926 18.7158C28.3867 18.7039 28.3848 18.688 28.3887 18.6658L29.2324 14.6677L29.2422 14.6426L29.334 14.6843C29.7266 14.8728 30.123 15.0532 30.5273 15.2092C30.791 15.3105 31.0586 15.4016 31.332 15.4773C32.3535 15.7612 33.3945 15.8677 34.4512 15.7971C35.041 15.7576 35.6094 15.6194 36.125 15.3074C36.3496 15.1714 36.5449 15.0078 36.6895 14.8013C36.7754 14.6782 36.8418 14.54 36.8848 14.3835C37.0332 13.8479 36.9004 13.3806 36.5234 12.9819C36.2246 12.666 35.8711 12.4231 35.4961 12.2151C35.1855 12.0422 34.8691 11.8772 34.5527 11.7122L34.0254 11.4343C33.2617 11.0269 32.5312 10.5657 31.8926 9.96851C31.3008 9.41479 30.8281 8.7771 30.5566 7.9978C30.3535 7.41211 30.3047 6.80859 30.3516 6.19287C30.3906 5.6875 30.4922 5.20459 30.6582 4.74487C30.8066 4.32861 31.0078 3.93115 31.2637 3.55273C31.457 3.26611 31.6719 3.00317 31.9062 2.76147C32.0938 2.56665 32.2949 2.38599 32.5059 2.21777C32.7637 2.01343 33.0371 1.82788 33.3262 1.65869C33.7871 1.38818 34.2676 1.17114 34.7637 0.998291C35.2148 0.841064 35.6777 0.720459 36.1523 0.630127C36.7051 0.524658 37.2637 0.462402 37.8262 0.442627L37.8828 0.434082L37.9121 0.428467H38.7598ZM0.09375 0.856934C0.0703125 0.997314 0.03125 1.13525 0 1.27417V1.30737L0.046875 1.32129C0.326172 1.38379 0.603516 1.4502 0.878906 1.521C1.10352 1.57886 1.32812 1.6394 1.55078 1.70312C2.02344 1.83789 2.49219 1.98682 2.95703 2.1521C3.33594 2.28735 3.71289 2.43164 4.07812 2.59814C4.3125 2.70508 4.54297 2.82104 4.76758 2.94946C4.95312 3.0542 5.12109 3.17554 5.26172 3.32373C5.38281 3.45093 5.48242 3.5979 5.55273 3.77173C5.63672 3.97705 5.71094 4.18921 5.76562 4.40454C6.3125 6.54175 6.85352 8.68018 7.39453 10.8184L7.41211 10.8828L7.42969 10.948L7.44727 11.0139L9.55469 19.3232C9.57227 19.3982 9.60156 19.4224 9.67773 19.4224L14.5 19.4216C14.5684 19.4219 14.5996 19.4014 14.625 19.3379L15.291 17.7188L22.2246 0.87085L22.2617 0.77124H22.1582L17.3848 0.769287C17.3145 0.769287 17.2812 0.790039 17.2539 0.85791L12.4004 13.3569L12.3574 13.4553L12.3457 13.3989L12.1582 12.3987L11.5488 9.09546L10.9707 5.97144L10.377 2.74976C10.2812 2.23462 10.082 1.77393 9.71094 1.40332C9.60742 1.2998 9.49805 1.20996 9.38477 1.13306C9.21484 1.01855 9.0332 0.932861 8.8418 0.873535C8.61133 0.802246 8.36719 0.769043 8.10938 0.769531L2.53711 0.770508L0.199219 0.768799L0.158203 0.771729C0.140625 0.775391 0.126953 0.782959 0.117188 0.795898L0.105469 0.814941L0.09375 0.856934ZM52.9121 12.8103H48.9785L51.4648 5.83276L51.4824 5.83447L52.9121 12.8103ZM57.7402 19.418L58.6523 19.4158V19.3828L58.6426 19.3582L58.6328 19.3313L57.918 15.8645L56.8359 10.5823L55.834 5.69751L54.8438 0.869141C54.834 0.819092 54.8203 0.792236 54.7891 0.780273C54.7734 0.774414 54.7539 0.771973 54.7305 0.771973L53.1719 0.772949L50.8281 0.776367C50.6348 0.7771 50.4355 0.793701 50.248 0.841064C49.5156 1.02588 49.0273 1.49878 48.7383 2.2019L41.8477 18.9514L41.6562 19.4192H41.7559L46.5371 19.4202C46.6055 19.4204 46.6367 19.4006 46.6602 19.334L47.584 16.7178C47.6074 16.6509 47.6387 16.6313 47.7051 16.6313L53.6113 16.6309C53.6777 16.6306 53.7051 16.6497 53.7188 16.7175L54.248 19.3186C54.2656 19.4036 54.2988 19.4199 54.375 19.4197L57.7402 19.418ZM28.8945 1.45972L29.0371 0.771484H28.9355L24.3984 0.769531C24.3242 0.769531 24.2969 0.791748 24.2832 0.865479L23.3984 5.08325L22.3965 9.85107L21.4922 14.1492L20.5391 18.6902L20.3867 19.4138L20.457 19.4199L25.0508 19.4209C25.1055 19.4209 25.127 19.4028 25.1367 19.3496L25.8867 15.7712L26.873 11.0845L27.8906 6.2356L28.8945 1.45972Z"></path></svg></a></li><li><a href="https://brand.mastercard.com/brandcenter/artwork/other-marks.html" target="_blank" rel="noreferrer"><svg width="43" height="26" viewBox="0 0 43 26" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M22.3698 23.0292C24.9509 20.4861 26.5539 16.9324 26.5539 13C26.5539 8.9861 24.8838 5.36671 22.208 2.81397C24.3831 1.05306 27.1428 0 30.1456 0C37.1661 0 42.8574 5.75634 42.8574 12.8571C42.8574 19.9579 37.1661 25.7143 30.1456 25.7143C27.2167 25.7143 24.5193 24.7125 22.3698 23.0292ZM21.2951 22.2166C23.7547 19.872 25.2902 16.5465 25.2902 12.8583C25.2902 9.17007 23.7547 5.84456 21.2951 3.5C18.8355 5.84456 17.3 9.17007 17.3 12.8583C17.3 16.5465 18.8355 19.872 21.2951 22.2166ZM12.7119 0.142883C15.6142 0.142883 18.2893 1.12664 20.4291 2.78244C17.7032 5.33686 16 8.96953 16 13C16 17.0305 17.7032 20.6632 20.4291 23.2176C18.2893 24.8734 15.6142 25.8572 12.7119 25.8572C5.6913 25.8572 0 20.1008 0 13C0 5.89922 5.6913 0.142883 12.7119 0.142883Z"></path></svg></a></li></ul></div></div></div><div class="bottom_block"><ul class="social"><li><a href="https://x.com/choiseai/" target="_blank" rel="noreferrer">Twitter</a></li><li><a href="https://t.me/choise_com" target="_blank" rel="noreferrer">Telegram</a></li><li><a href="https://discord.gg/GQbcNbRWSm" target="_blank" rel="noreferrer">Discord</a></li></ul><ul class="stores"><li><a href="https://crypterium.onelink.me/jtmZ/choisesiteheader" target="_blank" rel="noreferrer"><svg width="15" height="17" viewBox="0 0 15 17" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M11.8484 9.04057C11.8285 6.89287 13.652 5.84801 13.7354 5.79937C12.7027 4.33137 11.102 4.13079 10.5396 4.1148C9.19521 3.97686 7.89119 4.89911 7.20637 4.89911C6.50788 4.89911 5.45332 4.12813 4.31674 4.15078C2.85416 4.17277 1.48589 4.9984 0.735458 6.28048C-0.813241 8.89463 0.341791 12.7362 1.82556 14.8493C2.56779 15.8841 3.43509 17.0396 4.5703 16.999C5.68091 16.9543 6.09576 16.3086 7.43601 16.3086C8.76396 16.3086 9.15352 16.999 10.3113 16.973C11.5032 16.9543 12.2537 15.9334 12.9699 14.8892C13.8276 13.7031 14.1721 12.535 14.1858 12.475C14.1577 12.4657 11.8709 11.6147 11.8484 9.04057Z"></path><path d="M9.66133 2.72476C10.2587 1.99643 10.6674 1.00554 10.5539 0C9.68935 0.0373164 8.60813 0.583069 7.9855 1.29541C7.43464 1.92313 6.94256 2.95199 7.06968 3.91956C8.04086 3.99019 9.03802 3.44177 9.66133 2.72476Z"></path></svg>App Store</a></li><li><a href="https://crypterium.onelink.me/jtmZ/choisesiteheader" target="_blank" rel="noreferrer"><svg width="16" height="17" viewBox="0 0 16 17" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M0.296622 0.727884C0.108734 0.91965 0 1.21821 0 1.60486V15.3964C0 15.783 0.108734 16.0816 0.296622 16.2733L0.342994 16.3154L8.26944 8.59026V8.40785L0.342994 0.682673L0.296622 0.727884Z"></path><path d="M11.8658 11.166L9.22656 8.58966V8.40725L11.869 5.83089L11.9281 5.86441L15.0575 7.60043C15.9505 8.0931 15.9505 8.90381 15.0575 9.39959L11.9281 11.1325L11.8658 11.166Z"></path><path d="M11.4517 11.6126L8.75017 8.97856L0.777344 16.7528C1.07397 17.0569 1.55768 17.0935 2.10775 16.7895L11.4517 11.6126Z"></path><path d="M11.4517 5.38451L2.10775 0.207637C1.55768 -0.0932631 1.07397 -0.056626 0.777344 0.247392L8.75017 8.01855L11.4517 5.38451Z"></path></svg>Google Play</a></li><li class="open_wallet"><a href="https://app.choise.com/sign-up" target="_blank" rel="noreferrer">Get a free wallet</a></li></ul></div></div></footer><div class="sc-e26042df-0 gxkiVW"><p>We use cookies to give you the most relevant experience. <a href="/pdf/choise-cookie-policy.pdf" target="_blank" rel="noreferrer">Learn more</a></p><button>Allow all</button></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"data":{"id":"12876","slug":"crypto-daily-ethereum-stays-within-an-ascending-channel","title":"Crypto Daily: Ethereum Stays Within an Ascending Channel","date_created":"2021-12-22T06:26:38.000Z","image":{"filename_disk":"aa0380a9-6d0b-4fcd-9e5e-1a844f392370.jpg","width":2400,"height":1256},"old_image":null,"seo_image":null,"category":{"id":"1","title":"Uncategorised","slug":"uncategorised","translations":[{"title":"Uncategorised","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Ethereum Stays Within an Ascending Channel","content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis can be judged by the trading volume, which even decreased slightly and amounted to $28 billion per day.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe yesterday\u0026#8217;s market growth mainly affected Bitcoin. Altcoins remained either neutral or showed almost no increase. One of these assets was Ethereum, the price of which rose by only 1.5%. Let\u0026#8217;s analyze the chart to understand whether we should expect the second popular cryptocurrency to grow in the coming weeks:\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12877\" src=\"https://webinar.choise.com/wp/2021/12/ETHUSDT_2021-12-22_09-57-46-1024x558.png\" alt=\"ETH price buy crypto\" width=\"1024\" height=\"558\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEthereum continues to move within the ascending channel. For the last 2 weeks, the price has been constantly testing the lower border of the figure, however, buyers returned the price to the uptrend quickly. Thus, a strong support level was formed in the $3,650 \u0026#8211; $3,850 area. This is a positive signal for Ethereum.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDuring the market crash on the night of 3-4 December, the price dropped below the uptrend line, which is marked red on the chart. This very day, Ethereum managed to recover to almost original values. But in the last 2 weeks, the chart dropped below this line again and gained a foothold below it. Yesterday\u0026#8217;s daily candle rose and closed, barely reaching the trend line. As of today, the price keeps rising and now Ethereum sits at around $4,050. If the chart remains at this level until the end of the day, then we may see the cryptocurrency consolidating above it and then returning to an uptrend.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe possibility that Ethereum will rise in the near future has become significantly higher in the past few days. Thus, a falling wedge pattern has been formed on the chart, which is a well-known sign of upcoming reversal. Today, the oud price broke the upper border of this figure and it is trying to gain a foothold above it at the present moment. In case of this scenario, there will be great prospects for a new cycle of Ethereum\u0026#8217;s growth. So, if this pattern works itself out, the price may rise to $4,800, where we can see the middle line of the ascending channel.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis means that Ethereum will probably tend to this level in the next 1-2 weeks and will reach a historical high again by the New Year.\u003c/span\u003e\u003c/p\u003e","short_content":"Yesterday, the price of Bitcoin rose by 4.5% and consolidated above $49,000. However, the market participants were in no hurry to take any actions.","seo_title":null,"seo_description":"Crypto Daily: Ethereum Stays Within an Ascending Channel - This uncategorized news piece on Choise.com provides the latest updates on the cryptocurrency market, including Ethereum's current trends.","seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"uncategorised","slug":"crypto-daily-ethereum-stays-within-an-ascending-channel"},"buildId":"k1X0xmEDx3cy0dZTnbTG4","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>