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ETH 15-Min Descending Channel: Breakout or More Downside?
We’re seeing multiple rejections at the upper boundary of a descending channel on ETH’s 15-minute chart. Each time price hits the channel top, it pulls back,
ETHUSDT
Perp
1,885.1
+1.29%
suggesting the downtrend is still intact.
What to Watch:
Breakout Above: Could spark a short‐term rally toward higher resistance.
Continuation Down: A breakdown below the channel may extend the bearish momentum to lower support levels.
Question: Do you think ETH breaks out of this channel soon, or will the downtrend continue? Drop your thoughts below!