This 1H ETHUSD chart shows Ethereum trading within a well-defined descending channel, confirming a strong bearish trend from late January into early February. Price remains below the Ichimoku cloud, keeping overall bias bearish, but a clear bounce from the highlighted demand/rejection zone has formed a short-term base. The marked BOS (break of structure) hints at early bullish intent after the sell-off. If momentum holds, price could attempt a corrective move toward the 2,450–2,500 resistance zone, which aligns with the upper channel and cloud resistance, before any larger trend continuation.
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join to get daily basis 2-3 free signal for educational purpose
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get information about Gold, BTC and forex market
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t.me/+OO7phZHO6g1mN2Y0
join to get daily basis 2-3 free signal for educational purpose
t.me/+OO7phZHO6g1mN2Y0
get information about Gold, BTC and forex market
t.me/+OO7phZHO6g1mN2Y0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.