ETHUSDT: Descending Channel Keeps Sellers in ControlEthereum / TetherUSBINANCE:ETHUSDTDamonEdgeETHUSDT remains locked inside a clear descending channel, and the broader structure still favors sellers. The latest rebound has done little to change that picture. Price continues to form lower highs, while every recovery struggles to gain enough momentum to challenge the upper boundary of the channel. As long as this structure remains intact, I would continue to favor another move lower. A short-term bounce is still possible, but unless buyers can break the channel convincingly, it would likely remain corrective. My next downside objective is around 2,220, where the lower boundary of the channel comes back into focus.