🔻 $ETH Breaks Down From Bearish Channel – More Losses Likely

Ethereum has broken out of its downward channel but failed to gain bullish momentum, facing rejection near $3,640. The weak bounce followed by sideways consolidation suggests that bears are still in control. If ETH cannot reclaim the upper levels, it’s likely to revisit the next support zone near $3,560.

Trade Setup:

Entry: $3,614

Stop Loss: $3,642

Target: $3,559

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