🚨 ETH is back at a key level inside this Channel Down.
ETH/USDT is forming a Channel Down on the 5M chart with 3 resistance touches and 3 support touches confirmed. Price is now testing the upper side of the structure, which makes the next few candles important.
Two scenarios:
→ Break above resistance with confirmation = possible short-term momentum shift
→ Rejection at resistance = channel remains intact
No confirmed move yet. Spotted using ChartScout.
⚠️ DYOR. Not financial advice.