ETHUSDT – 4H Chart Update.
ETH is trading inside a descending broad wedge/channel.
Price is currently near the lower trendline support (~2900 zone).
This area can act as a short-term bounce zone.
If support holds, upside targets are 3050 → 3200 → 3350.
A clean breakdown below 2780–2720 may open downside toward 2500.
Short-term bounce possible, trend still range-bound.
⚠️ Wait for confirmation & keep risk tight.
ETH is trading inside a descending broad wedge/channel.
Price is currently near the lower trendline support (~2900 zone).
This area can act as a short-term bounce zone.
If support holds, upside targets are 3050 → 3200 → 3350.
A clean breakdown below 2780–2720 may open downside toward 2500.
Short-term bounce possible, trend still range-bound.
⚠️ Wait for confirmation & keep risk tight.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.