Ethereum is showing an interesting setup on the 1-hour chart. Right now, ETH is trading inside a falling wedge pattern, which often signals a potential bullish breakout.
📊 Key Levels:
Resistance: $4,420 Support: $4,350
⚡ If ETH breaks above the wedge resistance, we could see momentum push towards $4,500+. On the other hand, rejection at resistance may send price back to retest support.
💡 Traders are watching closely: Will Ethereum follow Bitcoin’s lead 🚀 or move on its own path?
👇 Share your thoughts in the comments and don’t forget to follow for daily crypto insights!
BTC is currently trading inside a falling channel.
Support: $109,500
Resistance: $111,000
Price recently tested the channel resistance but failed to break out. If bulls defend support, we could see another attempt at breakout. A breakdown, however, might extend the bearish channel further.
🤔 Do you think BTC will break out of this falling channel soon, or is more downside coming?