$ETH broke down from the rising channel and faced strong selling near the supply zone, which shifted the momentum to the downside.

Price is now moving sideways within a tight range, suggesting consolidation after the recent drop. As long as ETH remains below the supply zone, upside looks limited.

A clean break below the current range could open the door for further downside, while reclaiming the supply zone would be needed to turn the structure bullish again.

DYOR, NFA

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