ETHUSDT 4H – Rising Channel Breakdown Incoming?Ethereum / TetherUSBINANCE:ETHUSDTFrankAgboEthereum is showing signs of **weakness after rejecting the upper boundary of a rising channel**, and price is now drifting toward a key decision zone. 🔍 **Current Structure:** * Price has respected a **clean ascending channel** * Recent rejection from ~2,350–2,400 suggests **exhaustion at highs** * Momentum is shifting bearish as structure begins to weaken 📉 **Bearish Scenario (Primary Bias):** A confirmed breakdown below the channel support could trigger a **liquidity sweep to the downside**. 🎯 **Key Targets:** * **1,970** → First support / liquidity zone * **1,850** → Major support & imbalance fill This aligns with the idea of price seeking **inefficiencies left during the impulsive move up**. ⚠️ **Invalidation:** * If price reclaims **2,260 area** and holds above it * That would signal strength and potential continuation inside the channel 📈 **Bullish Alternative:** * Strong bounce from current trendline support * Re-entry into the upper half of the channel * Potential retest of **2,300+ highs** 💡 **Trade Idea:** * Watch for **channel breakdown + retest** for short entries * Lower timeframe confirmation (M15–H1) is key * Stops above recent lower highs * Targets scaled at 1,970 → 1,850 ⚡ **Market Insight:** * This looks like a **distribution phase after expansion** * Liquidity is building below current price * A breakdown could be **fast and aggressive** 📌 **Conclusion:** As long as price remains below the mid-channel resistance, bias leans **bearish toward lower liquidity zones**.