$ETH is pressing into the lower end of this descending channel.
Price is nearing higher-timeframe support, and momentum is slowing with early divergence showing up.
For me, that hints selling pressure is easing, but structure hasn’t flipped yet.
As long as ETH stays inside the channel, downside tests are still in play. I want to see a strong reaction and confirmation from support before shifting my view.
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$ETH is pressing into the lower end of this descending channel.
Price is nearing higher-timeframe support, and momentum is slowing with early divergence showing up.
For me, that hints selling pressure is easing, but structure hasn’t flipped yet.
As long as ETH stays inside the channel, downside tests are still in play. I want to see a strong reaction and confirmation from support before shifting my view.
Macro driven events can invalidate technical setups, so manage risk accordingly.
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