ETH/USD Technical AnalysisEthereum / US DollarCOINBASE:ETHUSDMarketStrategysignals🚀 ETH/USD Technical Analysis – Bearish Retracement Before the Next Move 📉 Ethereum is currently trading inside a rising channel, but recent price action shows a loss of bullish momentum after rejecting the weekly high. The market is now attempting a short-term recovery, yet the overall structure still favors a deeper pullback. 📊 Market Structure 🔝 Strong rejection from the Weekly High signals heavy selling pressure. 📉 Price has broken below the channel's midline, indicating weakening bullish control. 🟢 Current bounce appears to be a temporary relief rally, not a confirmed trend reversal. ⚠️ As long as price remains below the recent swing high, sellers maintain the advantage. 🎯 Key Levels 🟢 Resistance: 1,860 – 1,890 🔴 Order Block / Demand Zone: 1,750 – 1,770 🛡️ Major Support: 1,710 📌 Trading Outlook ✅ A short-term push toward 1,860–1,890 is possible if buyers maintain momentum. ❌ However, failure to break above resistance could trigger a bearish continuation, with price likely revisiting the highlighted Order Block (1,750–1,770) where fresh buying interest may emerge. 💡 Conclusion: Ethereum remains in a corrective phase. Watch for rejection near resistance, as the probability currently favors a move back toward the Order Block before any sustained bullish continuation. 📉🎯