ETH – Watching the Falling Channel!

Ethereum is currently trading within a falling channel on the 4H timeframe, showing short-term bearish pressure.

Price is approaching the support zone around the $4,000–$4,100 area, which also aligns with the lower boundary of the channel.

As long as this zone holds, it could act as a springboard for bullish momentum, offering a potential long setup.

A breakout from the channel would further confirm buyer strength and open the way toward the resistance zone near $4,800–$4,900.

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

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

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