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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.