Today, $ETH is moving within a clear downtrend channel. On the 4-hour chart, the price is approaching a key resistance zone around $2,450. However, with the rejection at this resistance zone, combined with the 34 and 89 EMAs still above the current price, 1 believe the downtrend is likely to continue.
Specifically, I expect ETH to correct after hitting the resistance level and move back down to the support zone around $2,250.
From a technical perspective, this is an opportunity to sell ETH at the resistance zones, expecting the downtrend to be reinforced when the price returns to the support zone below$ETH
