ETHUSD Ascending channel breakdown selling strong🚨 ETHUSD Technical Update 🚨
📉 Breakdown Alert!
ETHUSD has officially broken down from its ascending channel and key support area around $3,950 — signaling potential bearish momentum ahead.
💥 Selling Zone: $3,950
🎯 Technical Target: $3,700 (next major support zone)
📊 Indicators:
✅ EMA 50 breakdown confirmed — bearish bias strengthening.
⚠️ EMA 20 is crossing down toward the EMA 50, which could confirm further downside pressure.
🧭 Bias: Bearish below $3,950
💡 Watch for potential retests of the breakdown zone before continuation lower.
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