ETH/USDT Technical Analysis: 15m Channel Down Pattern 📉

Ethereum is currently carving out a well-defined descending channel on the 15-minute timeframe. We’ve seen 3 clear rejections at the resistance line and 2 solid bounces off support.

The price is currently rebounding from the $2300 level. Traders should watch the upper resistance trendline for a potential breakout or another rejection. Volume remains a key indicator to watch during the next move.

DYOR (Do Your Own Research)

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