ETH climbs toward key resistance in rising channel

The ETH/USDT 4‑hour chart shows a recovery rally unfolding within a broader downtrend. After a sharp decline earlier in September, prices have been climbing in a rising channel, while still respecting the boundaries of a larger descending channel. Short‑term momentum has shifted bullishly as higher highs and higher lows form inside this smaller channel, and trend indicators suggest strengthening buyers.

Upcoming U.S. economic releases—non‑farm payrolls, the Consumer Price Index, and the Federal Reserve’s October meeting—could inject volatility into the crypto market. These events often alter investor expectations for interest rates and risk assets, so traders should be prepared for sudden swings.

Trade view: A bullish setup would involve waiting for a decisive break and retest above recent highs in the rising channel, with targets at the next major resistance area. A bearish setup would trigger if the asset falls below the rising channel’s base, aiming for the previous swing low and then the broader channel floor. In both cases, stops should be placed just beyond the invalidation level, and risk‑to‑reward ratios should be kept favorable.

Overall, ETH remains in a corrective rebound within a longer‑term downtrend. A confirmed breakout from this pattern could signal a larger upside move, while failure to hold the current support zone might send prices back toward prior lows.