ETH-----Sell around 3670, target 3600 areaAugust 5th ETH Contract Technical Analysis:
Today, the daily chart closed with a small bullish candlestick pattern, with consecutive bullish candlesticks and prices consolidating at high levels. The accompanying indicator formed a death cross. The price did not break through the previous high on the pullback, so the overall downtrend is still favorable. However, it should be noted that yesterday's pullback interrupted the ongoing downward trend, so this is important to note. The hourly chart showed continued gains during the European and American sessions, while prices came under downward pressure during the Asian morning session. The current candlestick pattern is a series of bearish candlesticks, with the accompanying indicator forming a downward death cross. This suggests a continued upward trend within the next few days, but the strength and impact of the European session remain important to monitor.
Today's ETH Short-Term Contract Trading Strategy:
Sell on pullbacks to the 3670 area, with a stop loss at 3700 and a target at 3600.
ETHUSDT.5S trade ideas
Important Trend Determination Area: 3708.87-3762.33
Hello, traders!
Follow us to get the latest information quickly.
Have a great day!
-------------------------------------
(ETHUSDT 1D Chart)
The price began to rise after breaking above the important 2419.83-2706.15 area.
This can be interpreted as the beginning of a step-up trend, with an upward breakout of the HA-High ~ DOM(60) range.
The HA-High ~ DOM(60) range corresponds to the 2581.59-2681.60 range.
This suggests that the price is currently testing whether a second step-up trend will continue or whether it will simply end as the first step-up trend.
The HA-High ~ DOM(60) range is currently 3708.87-3762.33.
Therefore, if the price rises above 3708.87-3762.33 and maintains this level through the upcoming volatility period, a second step-up trend is expected.
The conditions for this are as follows:
- The K value of the StochRSI indicator must rise from the oversold zone and show an upward trend with K > D. - The OBV indicator must rise above the High Line and maintain an upward trend.
- The TC (Trend Check) indicator must continue its upward trend. (If possible, it's best to stay above 0.)
The next volatility period for ETH is expected to last from around August 6th to 10th.
However, it's worth keeping an eye on the movements during the BTC volatility period.
-
Thank you for reading to the end.
I wish you successful trading.
--------------------------------------------------
- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain in more detail when the bear market begins.
------------------------------------------------------
Ethereum Wave Analysis – 4 August 2025- Ethereum reversed from the key support level 3400.00
- Likely to rise to resistance level 3800.00
The Ethereum cryptocurrency recently reversed from the support zone between the key support level of 3400.00 (formerly a resistance level from January) and the upper trendline of the recently broken up channel from May.
This support zone was further strengthened by the 38.2% Fibonacci correction of the previous sharp upward impulse from July.
Given the clear daily uptrend, Ethereum cryptocurrency can be expected to rise to the next resistance level 3800.00.
15-minute analysisThe price went up to 3717 and got rejected. It’s currently sitting around the 3666 level with low volume, and for now, the market seems calm.
It’s clear that a significant level has formed here, which looks reliable.
We also have another key level around 3580.
Based on my analysis, I expect the price to react to one of these two levels and then potentially start a move toward the 38,000 mark.
ETHUSDT 4H Chart Review🔍 General Technical Context:
Prior Trend: Upward (strong rally from around 3,150 USDT).
Current Structure: After breaking out of the ascending channel, there was a strong decline, but is currently rebounding upward – it looks like a test of prior support as resistance.
📈 Key Horizontal Levels (Support/Resistance):
Resistance:
3,794 USDT – strong resistance resulting from the prior high (green line).
3,943 USDT – high of the ascending channel.
Support:
3,504 USDT – prior support, now potentially acting as resistance (red line).
3,383 USDT – July support.
3,132 USDT – strong base support, potential correction low.
📉 Technical Patterns:
Broken Upward Channel (orange lines): A clear downward breakout suggests a weakening of the previous trend.
Downward Trendline (purple): The current price is approaching it – a test and reaction (bounce or breakout) may occur.
📊 Stochastic RSI (oscillator at the bottom):
The indicator is entering the overbought zone (>80).
This may indicate an impending slowdown or correction, especially if the price encounters resistance at the purple downward trendline.
🔮 Scenarios:
✅ Bullish (if the breakout is upward):
A breakout of the purple trendline and resistance at 3,794 USDT could signal further gains towards 3,943 USDT or higher.
Confirmation could come from a retest of the purple line as support.
❌ Bearish (if resistance rejected):
Rejection from the trendline or the 3,794 USDT zone = possible correction to 3,504 or 3,383 USDT.
Break of 3,383 = potential decline to the 3,132–3,150 USDT zone.
🧭 Conclusion:
The market has regained strength from the local low but is at a potentially strong resistance zone.
Stochastic RSI overbought + near resistance = high risk of a near-term correction.
The key will be price performance within the purple trendline and 3,794 USDT.
EthusdHonestly probably marks up very heavily soon...
We are entering etf bid war phase of the cycle.
Can't even really draw how vertical this chart could go as certain macro economic conditions seem to be brewing...
15k is the predicted target of certain large tradfi firms that are accumulating, bitmine for example.
They are basing their targets from the success of the circle internet groups public listing as well as fundamental factors such as JPMorgan and other institutions launching their own stable coins on ethereum...
Multiple companies rushing to accumulate 5% of the supply while predictions of a 75bps rate cut from the fed are starting to brew...
Supply shock combined with inflationary event aswell as eths successful merge earlier this year are incredibly bullish catalysts and we aren't even at the ath valuations seen last cycle.
ETHUSD Long to 3700 BITSTAMP:ETHUSD Long trade, with my back testing of this strategy, ETHUSD need to touch 3700
This is good trade, don't overload your risk like greedy, be disciplined trader, this is good trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Lingrid | ETHUSDT Short-Term Move: Buying Opportunity at SupportThe price perfectly fulfilled my last idea . BINANCE:ETHUSDT is attempting a bounce after dipping into the lower boundary of its channel near the $3,400 support level. Price action has followed a descending structure with lower highs inside a broad downward channel. As long as the $3,400 zone holds, a rebound toward the mid-range resistance at $3,630 remains viable. Current positioning inside the "BUYING area" suggests momentum may flip bullish if a reversal structure forms.
📉 Key Levels
Buy trigger: Break above $3,630
Buy zone: $3,250 – $3,400
Target: $3,630 – $3,720
Invalidation: Break below $3,250
💡 Risks
Momentum still favors sellers from the recent sell-off
Failure to reclaim mid-range resistance could cap upside
Broader trend remains within a bearish channel structure
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
eth sell midterm "🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
ETH 4H – Demand Ladder Holding Strong, Bullish Set Up?Ethereum has been climbing a ladder of demand zones on the 4H chart — with each major impulse followed by consolidation and a successful retest of prior support. This current pullback has once again tapped into a reclaimed demand area near $3,400–$3,500.
So far, every past structure has acted as a springboard for the next leg up — a pattern that’s held since April.
📊 Key insights:
– Multiple confirmed demand zones stacking higher
– Prior demand flips to support after each breakout
– Most recent pullback held structure with Stoch RSI bouncing from oversold
– Structure and momentum suggest potential continuation if $3,400 holds
A breakdown of this final zone could invalidate the staircase, but until then, structure favors the bulls.
Is ETH gearing up for $4,000+ or finally losing steam?
Drop your thoughts in the comments.
Weekly trading plan for EthereumLast week, BINANCE:ETHUSDT mirrored Bitcoin's moves, hitting all three of our targets. While we're seeing strong recovery now, the overbought RSI suggests a pullback may be coming soon.
Key Takeaways:
Recent longs opened yesterday during the trend shift → Consider managing risk
Better re-entry post-correction than sitting through volatility
Last week's pullback was shallow → Downward continuation remains possible
Markets reward patience - don't force trades in overbought zones
The bull market here will continue if the price break 4K$ As we can see on chart two major resistances which are reason of killing BINANCE:ETHUSDT each time are the red trendline and also the 4K$ resistance zone and soon i believe ETH now has the power to break this resistances and start new high volume pump the targets like 5000$ and new ATH.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
ConsenSys: Powering the Future of Cryptocurrency InfrastructureCryptocurrency ecosystem is actively maturing and investors are increasingly drawn to infrastructure providers that underpin the decentralized economy. Consensys is a leading blockchain software company, stands out with its flagship MetaMask wallet and a suite of Ethereum-focused solutions. With a robust business model and global adoption, Consensys offers a pretty interesting case for those, who are eyeing the backbone of Web3.
MetaMask: The Leading Crypto Wallet
Consensys’s flagship product, MetaMask, is one of the most widely used cryptocurrency wallets globally, competing closely with Trust Wallet for market dominance. Unlike centralized exchange storage, MetaMask is a decentralized, self-custodial wallet—essentially software that allows users to manage digital assets independently. With an estimated 30 million monthly active users, MetaMask facilitates billions in transactions, verifiable on the Ethereum blockchain.
MetaMask generates revenue through a 0.875% fee on token swaps, contributing to a reported $60 million in net profit for 2024. Its user base is spread across various markets, including Nigeria, Indonesia, the United States, South Korea, and Germany. In regions like Nigeria, where banking systems charge high fees, MetaMask transforms cash flow by enabling low-cost transactions. In developed markets like the U.S. and Germany, it serves as a gateway for asset storage and decentralized app (dApp) interactions.
A key growth catalyst for MetaMask is the potential launch of its own governance token. Unlike competitors Trust Wallet and Gnosis, MetaMask lacks a native token, which could streamline transactions and boost revenue by reducing reliance on third-party staking providers. Market speculation suggests a token launch could enhance MetaMask’s valuation and make it by this a hot topic for discussions.
Infura: Ethereum’s Infrastructure Backbone
Beyond MetaMask, Consensys’s Infura provides critical infrastructure for Ethereum COINBASE:ETHUSD , the world’s second-largest blockchain. Infura’s API services enable developers to build and scale dApps without running their own nodes, supporting over 430,000 developers and processing transactions worth over $1 trillion annually. Infrastructure is integral to Ethereum’s ecosystem, powering everything from DeFi platforms to NFT marketplaces.
Infura’s revenue model, based on usage fees ($40–$50 per 200,000 API requests), capitalizes on Ethereum’s growth. As transaction volumes rise—up 83% since 2017—Infura’s role as a reliable backend for MetaMask and other dApps positions it as a critical part of Consensys’s business.
Sharplink: Smart Contracts for Enterprises
Consensys’s Sharplink division develops software for smart contracts, serving high-profile clients like Ernst & Young , Airbus EURONEXT:AIR , JPMorgan NYSE:JPM , Microsoft NASDAQ:MSFT , and Amazon $NASDAQ:AMZN. Solutions enable secure and automated agreements on Ethereum, with applications ranging from supply chain management to digital identity. Central banks in countries like Norway and Israel are also exploring Sharplink’s technology for digital currency initiatives.
Staking and Asset Management
Consensys owns approximately $500 million in Ethereum and other cryptocurrencies, generating income from staking and other revenue-generating operations, thereby complementing the company's software offerings, ensuring financial stability, and providing access to the growth of the cryptocurrency market.
Why Consensys Stands Out
Lets take Kraken or Bybit, for example. Their reported trading volumes are quite difficult to verify, but at the same time, Consensys' decentralized products provide transparency. Every MetaMask transaction and Infura API call is recorded on Ethereum’s public ledger, allowing investors to validate activity. Such openness mitigates the exaggeration common in crypto, where claims of user bases or turnovers can be inflated.
Consensys’s diversified portfolio—spanning wallets, infrastructure, smart contracts, and staking, as we told before—reduces reliance on any single revenue source. Its global reach, from emerging markets like Nigeria to tech hubs like the U.S., further de-risks its business model. Major investors, including BlackRock, JPMorgan, and Microsoft, have already backed Consensys, signaling that way confidence in its long-term potential.
The Road Ahead
Founded by Ethereum co-founder Joseph Lubin, Consensys has raised $1 billion to date, with a reported valuation target of $7 billion for a potential IPO. While the timeline for going public remains uncertain, the company’s focus on Ethereum’s ecosystem positions it to benefit from Web3’s expansion. Challenges, such as regulatory scrutiny and competition from wallets like Trust Wallet or blockchains like Solana, exist, but Consensys’s entrenched role in Ethereum gives it a competitive edge.Cryptocurrency ecosystem is actively maturing and investors are increasingly drawn to infrastructure providers that underpin the decentralized economy. Consensys is a leading blockchain software company, stands out with its flagship MetaMask wallet and a suite of Ethereum-focused solutions. With a robust business model and global adoption, Consensys offers a pretty interesting case for those, who are eyeing the backbone of Web3.
MetaMask: The Leading Crypto Wallet
Consensys’s flagship product, MetaMask, is one of the most widely used cryptocurrency wallets globally, competing closely with Trust Wallet for market dominance. Unlike centralized exchange storage, MetaMask is a decentralized, self-custodial wallet—essentially software that allows users to manage digital assets independently. With an estimated 30 million monthly active users, MetaMask facilitates billions in transactions, verifiable on the Ethereum blockchain.
MetaMask generates revenue through a 0.875% fee on token swaps, contributing to a reported $60 million in net profit for 2024. Its user base is spread across various markets, including Nigeria, Indonesia, the United States, South Korea, and Germany. In regions like Nigeria, where banking systems charge high fees, MetaMask transforms cash flow by enabling low-cost transactions. In developed markets like the U.S. and Germany, it serves as a gateway for asset storage and decentralized app (dApp) interactions.
A key growth catalyst for MetaMask is the potential launch of its own governance token. Unlike competitors Trust Wallet and Gnosis, MetaMask lacks a native token, which could streamline transactions and boost revenue by reducing reliance on third-party staking providers. Market speculation suggests a token launch could enhance MetaMask’s valuation and make it by this a hot topic for discussions.
Infura: Ethereum’s Infrastructure Backbone
Beyond MetaMask, Consensys’s Infura provides critical infrastructure for Ethereum, the world’s second-largest blockchain. Infura’s API services enable developers to build and scale dApps without running their own nodes, supporting over 430,000 developers and processing transactions worth over $1 trillion annually. Infrastructure is integral to Ethereum’s ecosystem, powering everything from DeFi platforms to NFT marketplaces.
Infura’s revenue model, based on usage fees ($40–$50 per 200,000 API requests), capitalizes on Ethereum’s growth. As transaction volumes rise—up 83% since 2017—Infura’s role as a reliable backend for MetaMask and other dApps positions it as a critical part of Consensys’s business.
Sharplink: Smart Contracts for Enterprises
Consensys’s Sharplink division develops software for smart contracts, serving high-profile clients like Ernst & Young, Airbus, JPMorgan, Microsoft, and Amazon. Solutions enable secure and automated agreements on Ethereum, with applications ranging from supply chain management to digital identity. Central banks in countries like Norway and Israel are also exploring Sharplink’s technology for digital currency initiatives.
Staking and Asset Management
Consensys owns approximately $500 million in Ethereum and other cryptocurrencies, generating income from staking and other revenue-generating operations, thereby complementing the company's software offerings, ensuring financial stability, and providing access to the growth of the cryptocurrency market.
Why Consensys Stands Out
Take Kraken or Bybit, for example. Their reported trading volumes are quite difficult to verify, but at the same time, Consensys' decentralized products provide transparency. Every MetaMask transaction and Infura API call is recorded on Ethereum’s public ledger, allowing investors to validate activity. Such openness mitigates the exaggeration common in crypto, where claims of user bases or turnovers can be inflated.
Consensys’s diversified portfolio—spanning wallets, infrastructure, smart contracts, and staking, as we told before—reduces reliance on any single revenue source. Its global reach, from emerging markets like Nigeria to tech hubs like the U.S., further de-risks its business model. Major investors, including BlackRock, JPMorgan, and Microsoft, have already backed Consensys, signaling that way confidence in its long-term potential.
The Road Ahead
Founded by Ethereum co-founder Joseph Lubin, Consensys has raised $1 billion to date, with a reported valuation target of $7 billion for a potential IPO. While the timeline for going public remains uncertain, the company’s focus on Ethereum’s ecosystem positions it to benefit from Web3’s expansion. Challenges, such as regulatory scrutiny and competition from wallets like Trust Wallet or blockchains like Solana, exist, but Consensys’s entrenched role in Ethereum gives it a competitive edge.
Bullish engulfing flex on the weeklyWhat’s up Candle Fam,
Ethereum just pulled a bullish engulfing flex on the weekly — and it’s not here to play. The recent correction shook out late longs, but structure remains beautifully intact.
🎯 LONG Setup
📍 Entry: $3,430–$3,340
🩸 Stop Loss: $3,190
🎯 Targets:
TP1: $3,750
TP2: $3,980
TP3: $4,200
📊 Strategy: Weekly OB + FVG Reclaim
– Weekly: Clean engulfing candle reclaiming the $3.2k–3.4k order block
– Daily: Structure holding higher lows — bullish market structure intact
– LTF: Watch for CHoCH + volume spike around $3.4k (12H/1H footprint shows absorption)
🧠 Footprint Flow:
– Aggressive shorts caught below $3.4k
– Buyers stepping in with clear delta divergence
– POC shifting higher = reclaim attempt underway
⚠️ Invalidation below $3,200 — breaks HTF structure
⛓️ Stick to low leverage or spot to manage broader macro risks.
No hopium, just structure.
Stick to the craft. Trade the plan.
Candle Craft | Signal. Structure. Execution.
ETHUSDT Breakout ImminentETH sitting on $3500 support after reclaim
Price action is tight and indecisive.. lots of dojis and back-and-forth engulfing candles. Buyers and sellers clearly fighting it out.
We’re coiled in a symmetrical triangle, right on a key level that used to be strong support. It got broken but now reclaimed, im leaning bullish.
S&P and Nasdaq opened strong. If we break out of this triangle to the upside with volume, we could see a quick move toward $3650-3700.
Ethereum (ETH/USDT) – Bearish Channel Structure Developing
⸻
🔍 Technical Overview
Ethereum has broken down from its ascending channel, invalidating the earlier bullish projection toward $4,000. After failing to hold the channel midline around $3,577, price dropped sharply to $3,360, forming a new bearish descending channel.
Currently, ETH is trading near the midline of this bearish channel, which typically acts as a decision point — not a buying zone — in smart money models.
⸻
🧠 NEoWave Interpretation
We may be inside a Complex Corrective Wave, possibly a Running or Contracting Flat evolving after the March top. The current structure resembles a B-wave trap, where price fakes out the upside before shifting momentum sharply downward. The break below the ascending channel midline confirms this bearish shift.
⸻
📊 Smart Money Summary
• 🟥 BOS confirmed on 1H and 4H (lower highs and lower lows)
• 🔻 Midline failure acted as a smart money trap, followed by a liquidity sweep below $3,490
• 📦 Bullish Order Block around $3,490–$3,520 has been tapped, prompting a minor reaction
• 🟡 Current resistance sits near the channel top ~ $3,715
⸻
🎯 Trade Scenarios
📌 Bearish Continuation:
If price fails to reclaim above $3,715, a retest and rejection from the channel top could trigger continuation toward $3,300–$3,250.
📌 Bullish Reversal (less likely for now):
Only a clean break and hold above $3,720 would suggest that bulls are regaining control, opening path toward $3,900–$4,000 — though this scenario is weakened after structural damage.
⸻
⚠️ Trader Tip:
Avoid buying into midline reactions in weak channels. Better long setups form after stop-hunts, ideally near bullish OBs + internal BOS confirmations.
⸻
✅ Conclusion
Ethereum remains under bearish pressure after losing its ascending structure. Unless price reclaims the $3,715 resistance zone with momentum, downside continuation remains likely.
⸻
📌 Save this analysis
💬 Share your thoughts or alt wave counts in the comments.
Breakdown Confirmed? ETH Could Drag Alts LowerCRYPTOCAP:ETH support zone around $3,560 has been broken, and current price action appears to be a retest of the breakdown. If ETH fails to reclaim this level, we could see further downside toward the strong demand zone near $3,000.
The RSI bearish divergence also adds to the bearish bias. If this retest fails, altcoins may face deeper corrections, as ETH often leads the market.
DYOR, NFA
ETH Looks Bearish (3D)Ethereum approached the weekly trendline and experienced a correction. It seems likely that we may see one more push upward to create a false bullish sentiment on this coin. There is even a possibility of a fake breakout above the descending trendline. However, before any major move, a significant correction toward the green zone appears likely | after which the main bullish move is expected to occur.
On higher timeframes, this is currently our outlook on Ethereum.
A daily candle closing above or below the invalidation levels would negate the current buy or sell bias.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Can Ethereum Hold This Crucial Level and Continue its Ascent?Can Ethereum Hold This Crucial Level and Continue its Ascent?
ETHUSDT presents a clear bullish structure on the daily timeframe, having recently broken out of a multi-month consolidation pattern. The market has encountered a significant resistance zone but has since pulled back to test a key support level. The price action is currently defined by a series of well-established support and resistance zones, along with a crucial rising trendline, which together will determine the asset's next major move.
1. The Bullish Impetus & Key Resistance:
All-Time High Resistance ($3900 to $4000): This upper red zone represents a significant supply area where sellers have historically entered the market, preventing a new all-time high. The recent rally encountered resistance in this zone, leading to the current pullback.
The Rally from the Consolidation: Following a period of consolidation, Ethereum staged a powerful rally, breaking through several resistance levels on its way to re-testing the all-time high zone.
2. The Immediate Support Zone:
First Support ($3300 to $3500): The current price is engaging with this green zone. This level has been a key area of previous support and resistance, and its ability to hold as support will be a critical test for the bulls. A successful defense of this zone would be a strong signal for a continuation of the upward momentum.
3. The Crucial Level & Trendline Confluence:
Crucial Level ($2700 to $2900): Below the immediate support lies a more significant support confluence zone, marked by the blue box and a rising trendline. This "Crucial Level" is a major demand zone that has previously served as a pivot point in the market. The confluence with the rising trendline, which has been providing support since late March, makes this a highly significant area.
0.5 Fibonacci Retracement: This area also aligns with the 0.5 Fibonacci retracement level of the recent major move, reinforcing its technical importance. A break below this zone would suggest a significant shift in market sentiment.
4. The Ultimate Support:
Long-term Support ($2000 to $2200): This lower green zone represents a robust long-term support level. If the "Crucial Level" were to fail, this area would be the next major target for a deeper correction. The 0.618 Fibonacci level is also situated within this zone, further highlighting its significance as a potential bounce area.
Conclusion:
ETHUSDT is currently re-testing its first major support zone after a rally toward all-time highs. The ability of the bulls to defend the "$3300 to $3500" level will be crucial for a potential re-test of the "$3900 to $4000" resistance. A failure to hold this support would likely lead to a retracement toward the even more critical "$2700 to $2900" level. The integrity of the rising trendline and the "Crucial Level" will be the ultimate determinant of whether the long-term bullish trend remains intact.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Ethereum at Critical Retest – Pullback or Breakout?Ethereum saw a sharp rally followed by a steady climb inside a rising channel. Recently, price broke below the channel’s lower boundary, signaling potential weakness. Now, ETH is retesting the broken trendline, which could be a classic pullback scenario.
Scenario 1 – Bearish Continuation:
If ETH fails to reclaim the channel and rejects around $3,600–$3,650, selling pressure may return.
Potential targets: $3,400 → $3,250 and, in extension, $3,050.
RSI is recovering from oversold levels but still below midline, hinting at possible limited upside before another drop.
Scenario 2 – Bullish Reclaim:
A daily close above $3,650 with strong volume would invalidate the breakdown and suggest a false break.
In that case, ETH could re-enter the channel and aim for $3,850 and the upper boundary near $4,050.
Risk Management:
Bearish entry: Wait for rejection candle on retest → SL above $3,700.
Bullish entry: Wait for confirmed breakout above $3,650 with volume → SL below $3,550.