*ETH/USD Bearish Channel Breakdown – Sellers Eye Lower Support**

Jun 10

Ethereum (ETH/USD) is trading within a descending channel on the 1-hour timeframe, reflecting continued bearish momentum. Price recently faced rejection near the upper boundary of the channel and failed to establish a sustained breakout above resistance. This suggests that sellers remain in control.

If the bearish structure remains intact, ETH could continue moving toward the highlighted support zone around **$1,520**, which aligns with the lower boundary of the channel and a previously respected horizontal support level. A decisive break below this area may expose further downside toward **$1,480**.

Traders should monitor price action near the channel resistance, as a breakout above it could invalidate the bearish outlook.

🎯 **Target 1:** **$1,520**
🎯 **Target 2:** **$1,480** (extended bearish target)

⚠️ *This analysis is based on technical chart structure and should be used alongside proper risk management and confirmation signals before making trading decisions.*

Jun 13

Trade active

active

Jun 16

Trade closed: target reached

close