$ETH TRAPPED IN A BEARISH CHANNEL, NEXT MOVE LOADING
Ethereum is still respecting a clean descending channel, and every bounce is getting sold near the upper trendline. The recent rejection confirms that sellers remain in control, with price struggling to build higher highs. As long as ETH stays below the channel resistance, the bias remains bearish and continuation to the downside is more likely than a reversal. Momentum shows weakness, and breakdown attempts are getting accepted faster, which usually signals more pressure ahead.
Trade Idea (Short Bias)
Entry Zone: 2935 – 2950
TP1: 2900
TP2: 2870
TP3: 2835
Invalidation: Sustained break and close above the channel resistance
Market is simple here: respect the channel, trade with the structure, and let price come to your levels.
#TrumpCancelsEUTariffThreat #ETHMarketWatch #GoldSilverAtRecordHighs
