ETHUSD short view

Looking at the chart on the four-hour time frame, we see movement within the rising channel, with a pull from high to $ 2145 for Ethereum. Moving averages slowly move to the bearish side, lowering the price down to the current $ 2,000. Once again, we can expect a retest to the previous higher high at $ 1944. If we see a break below that previously high, our target zone is around $ 1870, with the potential support of the moving averages MA200 and EMA200. Looking at the MACD indicator, we see that the blue MACD line has descended into the red zone supporting the bearish trend teaching.