ETH | today's analysis
$ETH While Bitcoin has been stealing the spotlight, Ethereum (ETH) is quietly stuck in a downward channel on the daily chart.
📉 Lower highs. Lower lows.
The price is accurately respecting both the upper and lower limits.
🔍 What's happening:
• Since December, when the price peaked at $4,125, ETH has started its downward movement
• Volume is decreasing = indecision
• The ETH/BTC pair is underperforming
📊 Things to watch:
• A strong breakout above $1,790 with volume could change the narrative
• Otherwise, we might return to $1,400 or even to the current channel support at $1,000
Are you positioning for a breakout or shortening the range?
⚔️ Share your thoughts on ETH + chart if you have one. Let's compare setups 👇
