H1 AnalysisEthereum / TetherUSBINANCE:ETHUSDTsoheil_derisWe are currently looking at the ETH/USD H1 chart, with price trading around $2,516. Since August 12, Ethereum has been trading within a clear rectangular range, repeatedly reacting to both the upper and lower boundaries of the pattern. The upper boundary of the rectangle is around $2,533, while the lower boundary is near $2,419. At the moment, price is approaching the upper boundary of the range. From a technical perspective, I see a relatively high probability of a rejection from this area, followed by a move back toward the lower part of the rectangle. My main scenario is therefore a short setup targeting the lower boundary of the range. There are several support areas on the way down, but as long as the rectangle remains valid, I believe price has the potential to reach the lower boundary around $2,419. The potential entry for this setup is below the current candle, around $2,506. However, if the expected move does not develop within a reasonable amount of time, I would consider this scenario invalid and cancel the trade. Based on the current entry and target, the setup offers approximately a 1:2 risk-to-reward ratio. Bias: Short What do you think about this setup?