#ETH LTF Analysis:

@Follow&Like

$ETH has been trading in a clean ascending channel on the 4H chart, with higher highs and higher lows defining the range. Recently, it broke below the 50 EMA and 100 SMA, showing signs of short-term weakness.

Currently, $ETH is hovering just below the midline of the channel, with support sitting near $2,400–$2,450. A bounce from this region would keep the channel structure intact and offer a good risk-reward long setup, targeting the upper trendline around $2,700–$2,800.

However, if $ETH closes decisively below the channel support, that would invalidate the structure and likely open the door to a deeper retrace—potentially to the $2,300 or even $2,100 level.

Watch for volume on the bounce. No strong reversal signal = wait for confirmation.