Ethereum
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ETHUSD Downtrend Channel – Reversal Setup Toward Key Resistance

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This 1H ETHUSD chart shows Ethereum trading within a well-defined descending channel, confirming a strong bearish trend from late January into early February. Price remains below the Ichimoku cloud, keeping overall bias bearish, but a clear bounce from the highlighted demand/rejection zone has formed a short-term base. The marked BOS (break of structure) hints at early bullish intent after the sell-off. If momentum holds, price could attempt a corrective move toward the 2,450–2,500 resistance zone, which aligns with the upper channel and cloud resistance, before any larger trend continuation.
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