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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