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06/21 07:30

$ETH/USDT 4-Hour Chart The 4-hour timeframe shows

$ETH/USDT 4-Hour Chart The 4-hour timeframe shows a clearer picture. Following the sharp selloff into the $1.5K support area, $ETH formed a rising channel and began carving out higher lows. This recovery structure allowed price to rebound toward the $1.8K resistance zone, where sellers quickly regained control and pushed the asset back lower. The rejection from that resistance area confirms its importance in the near term. Since then, $ETH has broken below the ascending channel and is consolidating around $1.7K. The RSI also currently hovers around neutral territory, indicating that bearish momentum has eased but has not yet shifted decisively in favor of buyers. Immediate support remains at $1.5K, which served as the origin of the recent bounce. Yet, if the measured move of the broken ascending channel plays out, the market could drop well below this zone. On the upside, buyers must still reclaim the $1.8K resistance region to generate stronger recovery momentum. Yet, as things stand, the overall bearish sentiment is still dominant. #HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge $ETH

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