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#ETHEREUM - Witnessing a classic descending channel with a triple fakeout! 👀
$ETH continues to move inside a clean descending channel, and the price action over the last three days has respected the structure perfectly.
We’ve already seen three fakeouts at the upper trendline — each one tagging liquidity and pulling back instantly.
Yesterday’s candle repeated the same behavior: a breakout attempt that failed to sustain, confirming strong supply overhead.
Now, today’s candle is attempting another push toward the channel resistance, but conditions remain unchanged until the key supply zone breaks.
🔴 Supply Zone to Flip (Bull Trigger): 3,245
This is the region that has rejected price multiple times.
Only a clean daily close above 3,245 can confirm a bullish shift.
If that happens, upside momentum can open the doors toward:
➡️ $3,500
➡️ $3,800
(Primary upside targets after supply absorption)
🟢 If Bulls Fail Again…
If the current bullish candle loses strength and falls back inside the mid-range, the chart favors a move toward the demand zone at 3,000–2,800.
This zone has strong historical reactions and remains the next logical magnet if rejection repeats.
✅ Summary
ETH is still inside the descending channel → trend intact.
Triple fakeout shows strong supply at the upper boundary.
Bullish reversal only confirmed above 3,245.
Failure here likely sends ETH back to 3,000–2,800.
#ETH is at a decision point — and the next daily close will determine the breakout or continuation.
$ETH continues to move inside a clean descending channel, and the price action over the last three days has respected the structure perfectly.
We’ve already seen three fakeouts at the upper trendline — each one tagging liquidity and pulling back instantly.
Yesterday’s candle repeated the same behavior: a breakout attempt that failed to sustain, confirming strong supply overhead.
Now, today’s candle is attempting another push toward the channel resistance, but conditions remain unchanged until the key supply zone breaks.
🔴 Supply Zone to Flip (Bull Trigger): 3,245
This is the region that has rejected price multiple times.
Only a clean daily close above 3,245 can confirm a bullish shift.
If that happens, upside momentum can open the doors toward:
➡️ $3,500
➡️ $3,800
(Primary upside targets after supply absorption)
🟢 If Bulls Fail Again…
If the current bullish candle loses strength and falls back inside the mid-range, the chart favors a move toward the demand zone at 3,000–2,800.
This zone has strong historical reactions and remains the next logical magnet if rejection repeats.
✅ Summary
ETH is still inside the descending channel → trend intact.
Triple fakeout shows strong supply at the upper boundary.
Bullish reversal only confirmed above 3,245.
Failure here likely sends ETH back to 3,000–2,800.
#ETH is at a decision point — and the next daily close will determine the breakout or continuation.
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