💰 #ETH: A Bounce Isn’t a Breakout 👀
ETH is recovering around $2,265 after testing the lower edge of its 6H descending channel. Buyers are stepping in, but the downtrend is still intact.
A break above the upper trendline and a successful retest would give me a reason to look for a stronger recovery.
Lose the lower boundary instead, and another leg down comes into play. For now, I’m watching for a confirmed breakout, not chasing the first bounce. 📈
ETH is recovering around $2,265 after testing the lower edge of its 6H descending channel. Buyers are stepping in, but the downtrend is still intact.
A break above the upper trendline and a successful retest would give me a reason to look for a stronger recovery.
Lose the lower boundary instead, and another leg down comes into play. For now, I’m watching for a confirmed breakout, not chasing the first bounce. 📈
