Sebtain Crypto Expert

Ethereum $ETH
has slipped under the $4,200 mark, raising the question: are we just seeing a healthy correction, or is a deeper pullback about to unfold?
📊 ETH 4H Chart Outlook
Right now, $ETH is trading near $4,190, holding close to the important $4,150 support zone.
Price is moving within a descending channel, showing short-term selling pressure after a strong rally earlier this month.
If $4,150 holds, $ETH could attempt a breakout from this channel and make a move back toward the $4,788 resistance / all-time high area.
But if $4,150 breaks down, we may see a drop toward $3,900, which also lines up with higher timeframe support.
⚡ Momentum Check
Current trend: short-term bearish (lower highs and lower lows).
Breakout above the channel = bullish momentum returns.
🎯 Levels to Watch
Support: $4,150 → $3,900
Resistance: $4,788 (ATH)
📌 In short: Watch how ETH reacts around $4,150. Holding this level could fuel another bullish leg, while a breakdown might trigger a deeper correction.