Ethereum (ETH/USD) – Bearish Channel Analysis
The chart shows ETH/USD trading inside a descending channel, respecting both upper and lower trendline resistance and support. Price recently rejected from the EMA 70, confirming bearish momentum. A clear supply zone (4,308 – 4,401) has been identified where sellers are likely to re-enter.
Trend: Bearish (lower highs & lower lows inside channel).
EMA Strategy: Price below EMA 70 → bearish bias.
Supply & Demand: Supply zone at 4,308–4,401 acting as resistance.
Chart Pattern: Bearish flag/channel continuation.
Risk/Reward: Short entry near supply zone with stop above 4,401.
Target Point: 3,950 (channel support & demand area).