ETH 4H – Pulling Back Toward Rising Channel SupportEthereum / TetherUSBINANCE:ETHUSDTBKVIPETH on the 4H timeframe is currently trading around 2,310 inside a well-defined rising parallel channel that has been guiding price higher since the late March lows. Price pushed up to the upper channel boundary near 2,440 before pulling back. It is now retreating toward the mid-channel zone and approaching the lower channel support which is currently rising toward 2,260–2,280. The channel structure has been respected consistently, with both the upper and lower boundaries producing clear reactions. Key Levels To Watch 2,440 → Upper channel boundary, prior rejection zone 2,310 → Current price, mid-channel area 2,300 → Horizontal support, dotted level 2,260–2,280 → Lower channel support (dynamic, rising) 2,180–2,200 → Below channel support, deeper pullback zone Below 2,050 → Full channel breakdown As long as price holds inside the rising channel, the bullish structure remains intact. A bounce from the lower channel support near 2,260–2,280 would keep the higher-low sequence alive and set up another push toward the upper boundary. A clean break below the lower channel support would invalidate the structure and shift focus toward 2,180–2,200 as the next support zone. This is a channel pullback setup. Hold lower channel support → continuation toward 2,400–2,440. Break below channel → structure shifts, eyes on 2,180–2,200. Structure bullish inside the channel. Bias shifts only on confirmed channel breakdown.