ETHUSDTEthereum / TetherUSBINANCE:ETHUSDTHAMED_AZHello Traders! 👋 What are your thoughts on ETHEREUM? Ethereum has broken out of its ascending channel, signaling a weakening bullish structure and increasing selling pressure. Following the price reaching the 0.5 Fibonacci support level, a supportive reaction has emerged, temporarily slowing the selling pressure. Price is expected to enter a corrective move (pullback) toward the broken channel and the resistance zone around $2,485–$2,560. This area holds significant technical importance due to the confluence of key Fibonacci levels and the previously broken structure. It could act as a strong resistance zone, attracting renewed selling pressure and triggering the next bearish wave. Overall, the breakdown below the ascending channel has weakened Ethereum’s technical outlook. As long as price remains below the highlighted resistance zone, the bearish scenario remains dominant, with further downside expected. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️