ETHUSDT 1D Chart Update | Channel Structure, Economic Events

ETHUSDT 1D Chart Update | Channel Structure, Economic Events & ATH in Focus

🔍 Here’s the latest breakdown of ETH/USDT price action on the daily chart—channel dynamics, correction levels, and upcoming catalysts.

⏳ Daily Overview
Ethereum is trending strongly within an ascending channel, respecting both mid-level and upper resistance. After a local correction, price is rebounding with sturdy volume participation—signaling renewed interest from buyers.

📉 Correction Levels & Volume
- Recent correction found support at the $3,913 zone, with the $4,180 mark now acting as next key level.
- Volume has picked up on bullish candles, confirming the strength of this bounce.
- Correction appears healthy: price stayed within the channel, higher lows maintained.

📊 Channel, Economic Events & Breakout Setup
- ETH continues trading inside the established channel, posting higher highs and higher lows.
- Two major US economic events ahead—Unemployment Claims releases on Aug 21 and Aug 28, 2025—that could trigger volatility.
- Watch for a breakout (BO) above $4,809: crossing this sets the stage for a new all-time high (ATH).

🎯 Key Levels & Scenario
- $3,913: Correction support zone; ideal spot for high RR (risk/reward) long entries if retested.
- $4,180: Immediate resistance; flipping this could attract trend-following bulls.
- $4,809: Channel top and major breakout threshold. If price closes above, expect acceleration toward new ATH territory.

🚨 Conclusion:
ETH is pushing firmly inside its channel, with correction and volume patterns favoring bullish continuation. Key economic events may provide the volatility needed for a breakout move. Above $4,809, watch for new ATHs; dips to $3,913–$4,180 offer attractive re-entry zones for aggressive traders. Stay adaptive as August catalysts unfold.