While Bitcoin has been stealing the spotlight, Ethereum (
ETH) is quietly stuck in a bearish channel on the daily chart.
📉 Lower highs. Lower lows.
Price is respecting both the upper and lower bounds with precision.
🔍 What’s happening:
• Since December when price topped at $4,125ETH started it's bearish move
• Volume is thinning = indecision
• ETH/BTC pair is underperforming
📊 Things to watch:
• A strong breakout above $1,790 with volume could flip the narrative
• Otherwise, we may go back to $1,400 or even current channel support at $1,000
Are you positioning for a breakout or shorting the range?
⚔️ Drop your ETH bias + chart if you have one. Let’s compare setups 👇
ETH) is quietly stuck in a bearish channel on the daily chart.📉 Lower highs. Lower lows.
Price is respecting both the upper and lower bounds with precision.
🔍 What’s happening:
• Since December when price topped at $4,125
ETH started it's bearish move• Volume is thinning = indecision
• ETH/BTC pair is underperforming
📊 Things to watch:
• A strong breakout above $1,790 with volume could flip the narrative
• Otherwise, we may go back to $1,400 or even current channel support at $1,000
Are you positioning for a breakout or shorting the range?
⚔️ Drop your ETH bias + chart if you have one. Let’s compare setups 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.