Update #ETHUSDT
Ethereum is currently trading within a major descending triangle pattern on the hourly chart, where the price is forming lower highs while maintaining an upward trendline support.
Currently, Ethereum faces resistance from the horizontal resistance area near $1,835, which aligns with the upper boundary of this consolidation range.
A decisive breakout above this resistance may trigger a continuation of the upward trend, while a breakout below the upward trendline indicates bearish momentum.
Traders should closely monitor any confirmed move in either direction, as it may determine the next major price movement path for Ethereum.