📦Ethereum keeps respecting a neat descending channel on 4H📦: repeated rejections from the upper rail (red arrows) and clean bounces from the lower rail (blue arrows). After the latest tap of the lower boundary, ETH is attempting a rebound within the range.
🏹As long as the lower rail holds, I’ll look for continuation toward the mid-channel first, then the upper boundary. If momentum accelerates, the structure high near 4,265 becomes the key level to reclaim for a larger push.
⚔️A 4H close back below 3,642 would weaken the setup and open the door for a deeper retest toward 3,300, where the broader defense sits.
In short: trend-following longs from the lower rail, manage partials into the mid-range, and keep eyes on the upper rail for the next decision point.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚All Strategies Are Good; If Managed Properly!
~Richard Nasr
🏹As long as the lower rail holds, I’ll look for continuation toward the mid-channel first, then the upper boundary. If momentum accelerates, the structure high near 4,265 becomes the key level to reclaim for a larger push.
⚔️A 4H close back below 3,642 would weaken the setup and open the door for a deeper retest toward 3,300, where the broader defense sits.
In short: trend-following longs from the lower rail, manage partials into the mid-range, and keep eyes on the upper rail for the next decision point.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.