Long-term technical analysis of the ETH/USDT pair


As of 04/16/2026

Timeframe: 4 Hours;

Today’s trend: downward.

Previously, an analysis of the ETH coin was made on 04/16/2026.

As we can see, the completion of wave 4 formation is underway according to wave analysis.

On the chart, the price is still within the blue upward channel, but the MACD indicator signals that a divergence has formed in the market.

If the price breaks through the blue channel, there is a chance for the price to move downward. This will also lead to a retest of the minimum.

We observe...
#ETH #WCTCTradingKingPK
ETH0.87%
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