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$ETH
Channel Breakdown Accelerating
Trade Setup: Short
Entry Zone: 2,115 – 2,145
TP1: 2,080
TP2: 2,020
TP3: 1,950
SL: 2,190
10x Leverage Max
ETH confirmed a full breakdown from the descending channel structure after losing the lower trendline support with strong bearish momentum. The rejection from the upper resistance trendline already signaled weakness earlier, but the real damage came once buyers failed to defend the channel base.
Since the breakdown, every bounce has been shallow and quickly sold into — a clear sign that sellers remain fully in control of market structure.
Current price action looks more like continuation compression than reversal accumulation. If ETH stays below the broken channel support, another downside expansion toward lower liquidity zones becomes increasingly likely.