🚨 ETH has been quietly bleeding inside a Channel Down pattern and nobody is talking about the next move.
A Channel Down pattern is actively forming on ETH/USDT 5M chart, with 4 resistance touches and 3 support touches already confirmed. Price is getting rejected every single time it tries to break up but how long can sellers keep this up?
A breakout from this channel could change ETH's short-term direction completely.
👀 Is ETH loading a breakout or heading lower first?
💬 What's your ETH trade plan right now? Comment below 👇
Spotted using ChartScout.
⚠️ DYOR. Not financial advice.
#ETH #ETHUSDT #Ethereum #TechnicalAnalysis #ChartScout