ETH - Ping-Pong Between The Rails!

📦Ethereum keeps respecting a neat descending channel on 4H📦: repeated rejections from the upper rail (red arrows) and clean bounces from the lower rail (blue arrows). After the latest tap of the lower boundary, ETH is attempting a rebound within the range.

🏹As long as the lower rail holds, I’ll look for continuation toward the mid-channel first, then the upper boundary. If momentum accelerates, the structure high near 4,265 becomes the key level to reclaim for a larger push.

⚔️A 4H close back below 3,642 would weaken the setup and open the door for a deeper retest toward 3,300, where the broader defense sits.

In short: trend-following longs from the lower rail, manage partials into the mid-range, and keep eyes on the upper rail for the next decision point.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚All Strategies Are Good; If Managed Properly!
~Richard Nasr