$ETH Bear Trap or Leg Down? Support Battle RagesEthereum / TetherKUCOIN:ETHUSDTAltcoinPioonersETHUSDT ETH Bear Trap or Leg Down? Support Battle Rages Altcoin Pioneers! 🔴 ETH/USDT 1H is in full retreat, slicing through the descending channel and probing support at ~3,000 after a brutal rejection at resistance 3,560. That red trendline from recent highs is unyielding, with volume confirming seller control – but oversold signals flashing. Hold support? Fingers crossed; a doji at lows could spark a fakeout bounce if BTC stabilizes. Breakout above resistance? Slim, needs >3,550 close on ETF hype. Deeper dip risk? High – invalidation eyes 2,950 (Fib 0.786), alt bleed incoming. Target: Rebound to 3,150 if holds, plunge to 2,980 on break. Eyes on: RSI divergence (at 32), VWAP for intraday bias, and ETH/BTC ratio for decoupling clues. Buckle up! ⚡📉 #ETH #CryptoMarkets #TradingSignals