Trisha_Saha
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$ETH Is Trapped in Bearsh Channel โ Breakout Coming or More Pain
$ETH
While Bitcoin has been stealing the spotlight, Ethereum (ETH) is quietly stuck in a bearish channel on the daily chart.
๐ Lower highs. Lower lows.
Price is respecting both the upper and lower bounds with precision.
๐ Whatโs happening:
โข Since December when price topped at $4,125 ETH started it's bearish move
โข Volume is thinning = indecision
โข ETH/BTC pair is underperforming
๐ Things to watch:
โข A strong breakout above $1,790 with volume could flip the narrative
โข Otherwise, we may go back to $1,400 or even current channel support at $1,000
Are you positioning for a breakout or shorting the range?
โ๏ธ Drop your ETH bias + chart if you have one. Letโs compare setups ๐
While Bitcoin has been stealing the spotlight, Ethereum (ETH) is quietly stuck in a bearish channel on the daily chart.
๐ Lower highs. Lower lows.
Price is respecting both the upper and lower bounds with precision.
๐ Whatโs happening:
โข Since December when price topped at $4,125 ETH started it's bearish move
โข Volume is thinning = indecision
โข ETH/BTC pair is underperforming
๐ Things to watch:
โข A strong breakout above $1,790 with volume could flip the narrative
โข Otherwise, we may go back to $1,400 or even current channel support at $1,000
Are you positioning for a breakout or shorting the range?
โ๏ธ Drop your ETH bias + chart if you have one. Letโs compare setups ๐
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