ETHUSD – Possible Correction from Channel Resistance!

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ETHUSD – Possible Correction from Channel Resistance!Ethereum / U.S. dollarBITSTAMP:ETHUSDVarghaVafaPair: ETH/USD Timeframe: 4H Structure: Ascending Channel Indicators: RSI Overbought, Bearish Divergence Forming Volume: Spike into resistance πŸ“‰ What’s happening? Ethereum just tagged the top of its ascending channel, showing early signs of rejection. RSI is hovering near overbought, with weakening momentum on the last push. ⚠️ Caution Zone: $3,425 acting as upper resistance Price may retrace to midline or lower channel support ($3,250 β†’ $3,050 range) πŸ“Œ Confirmation: Look for: A strong bearish candle or RSI breaking below 60 Volume divergence Bias: Short-term bearish correction, bullish structure intact as long as price holds the channel.