ETHUSD – Channel Breakdown and Support Retest in Play (4H Chart)
Ethereum has recently broken below a rising channel structure on the 4H timeframe, indicating a possible shift in short-term momentum.
🔹 Channel Structure: Price maintained higher highs and higher lows within a well-defined ascending channel.
🔹 Breakdown: A clean break below the lower trendline suggests weakening bullish momentum.
🔹 Support Zone: ETH is approaching a previously tested support area, which may act as a reaction zone.
🔹 Retest Potential: If price moves back upward, watch for a retest of the broken channel as resistance.
🔹 Risk Area Highlighted: If support fails, further downside may be possible.
This chart is shared for educational and technical analysis purposes only. No financial advice is being offered.
Ethereum has recently broken below a rising channel structure on the 4H timeframe, indicating a possible shift in short-term momentum.
🔹 Channel Structure: Price maintained higher highs and higher lows within a well-defined ascending channel.
🔹 Breakdown: A clean break below the lower trendline suggests weakening bullish momentum.
🔹 Support Zone: ETH is approaching a previously tested support area, which may act as a reaction zone.
🔹 Retest Potential: If price moves back upward, watch for a retest of the broken channel as resistance.
🔹 Risk Area Highlighted: If support fails, further downside may be possible.
This chart is shared for educational and technical analysis purposes only. No financial advice is being offered.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.